A building that embodies some of the histories of Capitol Hill — including its never ceasing appetite for tearing down and building back up — is up for sale.

Here is the realtor’s description for the $2.15 million listing for 1117 Pike:

Built in 1906 this three story commercial building is for sale for the first time in almost 40 years. The Pike Building is located just above downtown Seattle in an A+ Capitol Hill location. This offers a Buyer the rare opportunity to purchase a pride-of-ownership property located only 3 blocks from downtown Seattle.

“The property offers endless potential for an investor to redevelop the property or maintain the existing use,” the marketing copy concludes.

The three-story, 1906-built hotel building has been home to a “bathhouse” for decades. Today known as Club Z, the sex club is one of the few left in the city and one of only two left on Capitol Hill. Steamworks continues to operate nearby on Summit Ave. Another, Basic Plumbing, closed in 2012 and is now the home of Lost Lake.

The Stranger’s Christopher Frizzelle wrote this fascinating history of the Club Z building’s place in Seattle and LGBTQ history — a mix of early 20th century hotels, World War II internment, AIDS, drugs, and sex — as the property was being planned for demolition and development in the early 2000s. A project to create a multi-story condominium development began the permitting process but never made it past planning phases. The property continues to be held by the same real estate investor who purchased it in the 1970s.

While those plans won’t be dusted off, new mixed-use development on the property is probably a given.

We’ve reached out to the real estate agent representing the owners and Club Z to learn more.

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