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Retail Space with 54-Stall Parking
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118 Republican St, Seattle, WA 98109

Ground-level retail in EXPO BUILDING with dedicated garage parking and a space currently built out as T-Mobile.

Property Size1,383 SF
Days on Market153

Property Features for 118 Republican St

General Information

Standard status Active
Size 1,383 SF
Total Parking Spaces 54
Property subtype RETAIL
Lease Type SF/yr

Additional Details

Floor Ground
Anchor Co-Tenants Agave Cocina and Tequilas, Taylor Shellfish, The Moontree Sushi and Tapas, Tyger Tyger, Sugar Bakery & Cafe, Banfield Pet Hospital

Building Details

Building Size 18,200 SF
Tenancy Multi
Listing Agency: Gibraltar, LLC
Listed By: Laura Miller
Source: Moodyscre
Added: Feb 27 Changed: Jul 29 Last Checked: Jul 29 at 6:30PM

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 Gibraltar, LLC

Investment Insights

Based on property information with market context.

Retail space available in EXPO BUILDING, set within a 275-unit apartment community and supported by 18,200 SF of ground-level retail. The suite is currently built out as T-Mobile and can be converted to a variety of retail uses.

EXPO BUILDING is positioned near Seattle Center, Space Needle, and Climate Pledge Arena, supported by strong pedestrian and vehicle traffic from year-round tourism and event-driven foot traffic. Co-tenancy includes Agave Cocina and Tequilas, Taylor Shellfish, The Moontree Sushi and Tapas, Tyger Tyger, Sugar Bakery & Cafe, and Banfield Pet Hospital.

Retail tenants have access to 54 unreserved garage parking stalls with 1-hour validation, helping serve both visitors and daily customers.

Key Highlights

  • 54 unreserved garage parking stalls for retail tenants with 1‑hour validation
  • 18,200 SF of ground‑level retail within a 275‑unit apartment community
  • Suite currently built out as T‑Mobile and convertible to other retail uses

Property Analytics

Current Use

Mobile oil change ... Auto Repair Shop Expo Apartments Apartment Building Native Arts Fan ... Charitable Organization

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Florist Butcher Nursing Home Mobile Phone Store

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

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$6.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,931
Businesses Nearby

Demographics for 98109, WA

34,551
Population
23,162
Households
1.5
Avg Household Size
32
Median Age
78%
College-Educated
98%
High-School Grad
1.9 sq mi
ZIP Area
18,185
Density / Sq Mi
$130,845
Median Household Income
$104,202
Median Earnings
$2,329
Median Rent
$986,000
Median Home Value

Market

Lease Benchmarks for Seattle, WA

$29.84 /SF/Yr
Avg Asking Price
$5.86–$65.62 /SF/Yr
Price Range
2,457 SF
Avg Space Size

This space is priced 34% above the average of $29.84 /SF/Yr.

Vacancy Rate% for Retail in Seattle, WA

4.5% 2019
4.4% 2020
3.9% 2021
3.6% 2022
3.8% 2023
4.7% 2024
5.7% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Ground-level retail in EXPO BUILDING with dedicated garage parking and a space currently built out as T-Mobile.
Where is this retail space located?
The property is located at 118 Republican St Seattle, WA.
What is the lease rate?
The lease rate is $40 SF/Yr.
What are key features of this property?
This property features: 54 unreserved garage parking stalls for retail tenants with 1‑hour validation; 18,200 SF of ground‑level retail within a 275‑unit apartment community; Suite currently built out as T‑Mobile and convertible to other retail uses
(206) 351-3573 Call to check price and availability
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