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Move-In Ready Medical Office Suite
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1229 Madison Street, Seattle, WA 98104

Move-in ready medical office condo with build-out, recent upgrades, and access to a parking garage with covered stalls.

Space Size1,230 SF - 55,421,362 SF
Days on Market52

Property Features for 1229 Madison Street

General Information

Standard status Active
Size 1,230 SF - 55,421,362 SF
Total Parking Spaces 430
Property subtype Healthcare

Spaces For Lease

at 1229 Madison Street Contact us

Suite 1040

Size
55,421,362 SF
Availability
Available
Contact us

Suite 830

Size
1,230 SF
Availability
Available
Contact us
Listing Agency: CBRE
Listed By: Marcus Yamamoto · License #104966
Source: Cbre
Added: Jul 24 Changed: Sep 2 Last Checked: Sep 13 at 5:00AM

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 CBRE

Investment Insights

Based on property information with market context.

This commercial medical condominium unit offers 2,352 RSF and is configured from two combined medical condo units (Unit 1440). The space is available for occupancy by owner/user and includes a move-in ready medical office build-out with recent upgrades such as new flooring, paint, and updated reception desk and cabinets.

On-site parking is available in a dedicated garage with 430 covered stalls, plus free short-term parking. The building is positioned for premier access within Seattle’s medical district, with downtown views and walking distance to neighborhood restaurants and cafes.

The unit’s improvements and ready-for-occupancy condition make it suitable for professional medical use where a turnkey environment is important.

Key Highlights

  • Medical condominium unit 1440 with 2,352 RSF (two combined medical condo units)
  • Move‑in ready medical office build‑out available for owner/user occupancy
  • Recent upgrades: new flooring, paint, reception desk, and cabinets

Property Analytics

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Current Use

Pilot Theodore F ... Dental Office Swedish First Hill Medical Clinic Seattle Radiologists Medical Clinic Hart Brian T ... Dental Office Pacific Endodontics Dental Office

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Store Pet Store & Service Tanning Salon Electrical Service Clothing & Fashion 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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

13,967
Businesses Nearby
Under-served
Demand for This Use

Demographics for 98104, WA

16,157
Population
10,803
Households
1.5
Avg Household Size
38
Median Age
45%
College-Educated
83%
High-School Grad
0.9 sq mi
ZIP Area
17,952
Density / Sq Mi
$61,866
Median Household Income
$57,791
Median Earnings
$1,511
Median Rent
$663,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Seattle, WA

$40.18 /SF/Yr
Avg Asking Price
$27.75–$53 /SF/Yr
Price Range
34,642 SF
Avg Space Size

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
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Similar Off Market Nearby

  • BluePearl Pet Hospital 805 Madison St, Seattle, WA 98104
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  • Jet City Animal Clinic 822 12th Ave, Seattle, WA 98122
  • Banfield Pet Hospital 1426 Harvard Ave, Seattle, WA 98122
  • City Cat Vet Clinic 207 Harvard Ave E, Seattle, WA 98102

Frequently Asked Questions

What type of property is this?
Medical Office Space - Move-in ready medical office condo with build-out, recent upgrades, and access to a parking garage with covered stalls.
Where is this medical office space located?
The property is located at 1229 Madison Street Seattle, WA.
What are key features of this property?
This property features: Medical condominium unit 1440 with 2,352 RSF (two combined medical condo units); Move‑in ready medical office build‑out available for owner/user occupancy; Recent upgrades: new flooring, paint, reception desk, and cabinets
More about this property
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