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Prime Retail Space in Seattle
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523 Union Street, Seattle, WA 98101

Located in the heart of Seattle's central business district.

Days on Market147

Property Features for 523 Union Street

General Information

Standard status Active
Property subtype Retail
Listing Agency: NAI Puget Sound Properties
Listed By: Rick Page
Source: Nai-psp
Added: Mar 6 Changed: Jul 6 Last Checked: Jul 30 at 4:34AM

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 prime retail space is located in the heart of Seattle’s central business district. The hard corner location on Union Street frontage benefits from over 3 million square feet of office space within a three-block radius, providing access to over 30,000 daytime shoppers. The property is situated one block from the Rainier Square luxury condos and office tower, which includes a 20,000 square foot PCC market. Its location offers excellent proximity to downtown hotels and access to WAC members and guests. This presents an ideal opportunity to cater to the growing daytime and nighttime populations surrounding the site.

Key Highlights

  • Prime retail location in the heart of Seattle's central business district.
  • Hard corner Union Street frontage.
  • Over 3M SF of office space in a three block radius, providing access to over 30,000 daytime shoppers.

Property Analytics

Current Use

HSBC ATM Atm

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Electrical Service Pet Store Pet Store & Service Butcher

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

Location Intelligence

Trade Area within ½ mile

23,240
Businesses Nearby

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

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

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
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Frequently Asked Questions

What type of property is this?
Retail space - Located in the heart of Seattle's central business district.
Where is this retail space located?
The property is located at 523 Union Street Seattle, WA.
What are key features of this property?
This property features: Prime retail location in the heart of Seattle's central business district.; Hard corner Union Street frontage.; Over 3M SF of office space in a three block radius, providing access to over 30,000 daytime shoppers.
More about this property
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