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Mount Baker Office/Retail Building
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1414 31st Ave S, Seattle, WA 98144

Class A office/retail building in Mount Baker neighborhood.

Days on Market687

Property Features for 1414 31st Ave S

General Information

Standard status Active
Property subtype Retail, Office

Building Details

Year Built 2000
Listing Agency: Orion Commercial Partners
Listed By: Bojidar Gabrovski · License #WA 114712
Source: Crexi
Added: Sep 13, 2024 Changed: Jul 10 Last Checked: Jul 30 at 4:02PM

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 Orion Commercial Partners

Investment Insights

Based on property information with market context.

This Class A office/retail building is situated in the residential neighborhood of Mount Baker, south of Leschi Park. It offers views of the City of Seattle to the west and Lake Washington to the east. The property provides convenient highway access to I-90, gated garage parking, and elevator service. Located a 10-minute drive from downtown Seattle and 15 minutes from Bellevue, the building is also in close proximity to restaurants and cafes. It is adjacent to the I-90 Trail and a 10-minute walk to Lake Washington.

Key Highlights

  • Convenient location: 10‑minute drive to downtown Seattle and 15 minutes to Bellevue.
  • Easy highway access to I‑90.
  • Peekaboo views of Seattle and Lake Washington.

Property Analytics

Current Use

Washington State Opportunity ... Charitable Organization Unstill Life Fitness ... Gym & Fitness Center Summit Psychology Physician Presence Northwest Business Broker Iron Tree Gym & Fitness Center

Suggested Use

Top Pick Real Estate Agency Auto Parts Store HVAC Service (Bike/Boat/Book/etc) Store Catering Service Veterinary Clinic

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

NNN (Triple Net)
Lease Type
$5.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

493
Businesses Nearby

Demographics for 98144, WA

32,178
Population
16,381
Households
2
Avg Household Size
38
Median Age
62%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
9,464
Density / Sq Mi
$94,051
Median Household Income
$65,078
Median Earnings
$1,805
Median Rent
$890,400
Median Home Value

Market

Lease Benchmarks for Seattle, WA

$29.47 /SF/Yr
Avg Asking Price
$20–$42.5 /SF/Yr
Price Range
8,665 SF
Avg Space Size

This space is priced 19% above the average of $29.47 /SF/Yr.

Vacancy Rate% for Office in Seattle, WA

8.5% 2019
13.4% 2020
17.6% 2021
19.5% 2022
24.3% 2023
30% 2024
32.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Class A office/retail building in Mount Baker neighborhood.
Where is this office building located?
The property is located at 1414 31st Ave S Seattle, WA.
What is the lease rate?
The lease rate is $35 SF/Yr.
What are key features of this property?
This property features: Convenient location: **10‑minute drive to downtown Seattle and 15 minutes to Bellevue.**; Easy highway access to I‑90.; Peekaboo views of Seattle and Lake Washington.
More about this property
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