Turnkey Restaurant with Type 1
For Lease
Contact for pricing
1221 1st Ave, Seattle, WA 98101
Turnkey restaurant with a 12-foot Type 1 hood, kitchen, and large bar, plus a large outdoor patio.
Space Size2,258 SF
Days on Market567
Property Features for 1221 1st Ave
General Information
Standard status
Active
Size
2,258 SF
Property subtype
RETAIL
Lease Type
NNN
Spaces For Lease
at 1221 1st Ave Contact us- Size
- 2,258 SF
- Type
- RETAIL
- Lease Type
- NNN
- Availability
- AVAILABLE
Turnkey Restaurant $55/SF/Yr
Turnkey restaurant at the Harbor Steps project located along Seattle's new Waterfront...
show more
Contact us
Listing Agency:
Kidder Mathews
(206) 296-9649
Listed By:
Jason Miller · License #129429
(206) 296-9649
Source:
Moodyscre
Added: Jan 22, 2025
Changed: Aug 8
Last Checked: Aug 11 at 1:22PM
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 Kidder Mathews
Investment Insights
Based on property information with market context.
Turnkey restaurant space at the Harbor Steps project, positioned along the Steps courtyard. The former La Pergola Cantina is located on the courtyard overlooking the recently remodeled Harbor Steps area, with direct access to a large outdoor patio.
The restaurant is built for full-scale operations, including a 12-foot Type 1 hood, a kitchen, and a large bar. In addition to base rent, the tenant pays percentage rent equal to 5% over their natural breakpoint in gross sales.
Harbor Steps is home to established food and beverage tenants including Vons, Dough Zone, Noi Thai, Skillet, Masons Lobster Rolls, and Starbucks, with Reubens Brews noted as coming soon.
The restaurant is built for full-scale operations, including a 12-foot Type 1 hood, a kitchen, and a large bar. In addition to base rent, the tenant pays percentage rent equal to 5% over their natural breakpoint in gross sales.
Harbor Steps is home to established food and beverage tenants including Vons, Dough Zone, Noi Thai, Skillet, Masons Lobster Rolls, and Starbucks, with Reubens Brews noted as coming soon.
Key Highlights
- Turnkey restaurant located at the Harbor Steps project along Seattle’s Waterfront Park District.
- Outdoor patio overlooking the remodeled Harbor Steps courtyard.
- Restaurant includes a 12‑foot Type 1 hood, kitchen, and a large bar.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$8.25 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
20,258
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98101, WA
16,237
Population
13,193
Households
1.2
Avg Household Size
36
Median Age
71%
College-Educated
96%
High-School Grad
0.5 sq mi
ZIP Area
32,474
Density / Sq Mi
$128,143
Median Household Income
$106,620
Median Earnings
$2,476
Median Rent
$741,400
Median Home Value
Market
Lease Benchmarks for Seattle, WA
$35.74 /SF/Yr
Avg Asking Price
$27–$50 /SF/Yr
Price Range
3,352 SF
Avg Space Size
This space is priced 54% above the average of $35.74 /SF/Yr.
Vacancy Rate% for Retail in Seattle, WA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey restaurant with a 12-foot Type 1 hood, kitchen, and large bar, plus a large outdoor patio.
Where is this conventional restaurant located?
The property is located at 1221 1st Ave Seattle, WA.
What is the lease rate?
The lease rate is $55 SF/Yr.
What are key features of this property?
This property features: Turnkey restaurant located at the Harbor Steps project along Seattle’s Waterfront Park District.; Outdoor patio overlooking the remodeled Harbor Steps courtyard.; Restaurant includes a 12‑foot Type 1 hood, kitchen, and a large bar.
