Seattle’s 109-year-old landmark high-rise is for sale

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Seattle’s 109-year-old landmark high-rise is for sale
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When it opened in 1914, Smith Tower was the tallest building west of the Mississippi River.

Updated: August 8, 2023Port of Seattle facilities are shown with the Smith Tower in the foreground at left. Smith Tower is for sale at an unnamed price, according to a promotional flyer advertising the “investment offering” seen by The Seattle Times.

The listing also includes the two-story Florence Building next door, according to a person familiar with the process who was not authorized to speak publicly. Today, visitors can take in sweeping views of downtown and Elliott Bay from a bar on the 35th floor and another lookout on the 22nd floor. The pyramid-shaped top of the building is home to a penthouse that’s among the city’s most expensive rentals. Other floors contain office and retail space, nearly half of which is empty today, according to the flyer.The 35th floor observatory and bar would offer a new owner ongoing revenue, the flyer notes.

But conversions can be a challenge. Some buildings come with significant costs and hurdles, including a lack of enough windows. Even so, Smith Tower has been a candidate for conversion to housing before.

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