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Retail Space with Office Layout
For Lease
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116-120 Central Way, Kirkland, WA 98033

Professional configuration includes private suites, meeting space, support areas, and two bathrooms.

Property Size2,225 SF
Days on Market169

Property Features for 116-120 Central Way

General Information

Standard status Active
Size 2,225 SF
Net Rentable 2,225 SF
Property subtype RETAIL
Lease Type SF/yr

Space & Availability

Available Space 2,225 SF
Contiguous Space 2,225 SF
Space Use Office
Available From 2026-07-01
Private Offices 5
Meeting Rooms 1

Lease Terms

Lease Rate $45 /USD/SF/YR
Monthly Rent $8,343
Rent per SF/Year $45

Additional Details

Highway Access Yes

Amenities

bathrooms
kitchenette
break room
mother's room
work room
Listing Agency: NAI Puget Sound Properties
Listed By: Blake Stedman · License #WA2495
Source: Moodyscre
Added: Feb 13 Changed: Jul 31 Last Checked: Jul 31 at 9:18AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Puget Sound Properties

Investment Insights

Based on property information with market context.

This 2,225-square-foot retail space features a current professional office layout with 5 private suites, a conference room, and an additional work room. The premises also include 2 bathrooms, a kitchenette, break room, and mother’s room, creating a flexible commercial configuration for office-oriented occupancy. The space is available 7/1/2026.

Located at 116-120 Central Way in Kirkland, the property is one block from the Kirkland waterfront and Marina Park. The site offers abundant foot traffic and visibility, with convenient access to I-405 and SR 520.

Key Highlights

  • 2,225 SF retail space with current professional office layout
  • 5 private suites, conference room, and additional work room
  • 2 bathrooms, kitchenette, break room, and mother’s room

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Bakery Grocery & Convenience Store Daycare Center Supermarket

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
NNN (Triple Net)
Lease Type
$6.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,438
Businesses Nearby

Demographics for 98033, WA

41,763
Population
18,211
Households
2.3
Avg Household Size
39
Median Age
73%
College-Educated
98%
High-School Grad
9.2 sq mi
ZIP Area
4,539
Density / Sq Mi
$174,005
Median Household Income
$97,472
Median Earnings
$2,386
Median Rent
$1,259,900
Median Home Value

Market

Lease Benchmarks for Kirkland, WA

$37.96 /SF/Yr
Avg Asking Price
$28–$64.02 /SF/Yr
Price Range
2,797 SF
Avg Space Size

This space is priced 19% above the average of $37.96 /SF/Yr.

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Professional configuration includes private suites, meeting space, support areas, and two bathrooms.
Where is this retail space located?
The property is located at 116-120 Central Way Kirkland, WA.
What is the lease rate?
The lease rate is $45 SF/Yr.
What are key features of this property?
This property features: 2,225 SF retail space with current professional office layout; 5 private suites, conference room, and additional work room; 2 bathrooms, kitchenette, break room, and mother’s room
(425) 652-1722 Call to check price and availability
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