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Belltown Office Building For Rent
For Lease
$16,548/Mo
Pending

2420 2nd Avenue, Seattle, WA 98121

6,619 SF office building with high visibility in Belltown.

Space SizeContact for details
Days on Market1265

Property Features for 2420 2nd Avenue

General Information

Standard status Pending
Property subtype Commercial

Building Details

Year Built 1928
Listing Agency: WINDERMERE-MIDTOWN COMMERCIAL
Listed By: LAUREN HENDRICKS
Source: Corcoran
Added: Mar 6, 2023 Changed: Jul 6 Last Checked: Jul 23 at 9:32AM

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 WINDERMERE-MIDTOWN COMMERCIAL

Investment Insights

Based on property information with market context.

This approximately 6,619 SF office building offers visibility and signage opportunities at the corner of 2nd Ave and Wall St in Belltown. The interior is remodeled and features exposed brick walls, vaults-turned offices, and large windows that provide natural light. The current configuration includes multiple conference rooms, 14 private offices, a kitchenette, two private restrooms, and open workspace. Short-term or monthly parking is available in an adjacent lot. This property is suitable for a real estate office or other office or retail user seeking a unique building in a prominent location.

Key Highlights

  • Prime Belltown location at the corner of 2nd Ave & Wall St. offering high visibility and signage opportunities.
  • Unique, remodeled interior featuring exposed brick, vaults‑turned‑offices, and large windows providing natural light.
  • Versatile layout with multiple conference rooms, 14 private offices, kitchenette, two private restrooms, and open workspace.

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Tanning Salon Pet Store Pet Store & 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
$4.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

19,743
Businesses Nearby

Demographics for 98121, WA

21,411
Population
15,781
Households
1.4
Avg Household Size
35
Median Age
78%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
53,528
Density / Sq Mi
$148,974
Median Household Income
$118,893
Median Earnings
$2,329
Median Rent
$796,600
Median Home Value

Market

Lease Benchmarks for Seattle, WA

$32.75 /SF/Yr
Avg Asking Price
$22–$42.5 /SF/Yr
Price Range
32,937 SF
Avg Space Size

This space is priced 8% below the average of $32.75 /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 - 6,619 SF office building with high visibility in Belltown.
Where is this office building located?
The property is located at 2420 2nd Avenue Seattle, WA.
What is the lease rate?
The lease rate is $16,548/Mo.
What are key features of this property?
This property features: Prime Belltown location at the corner of 2nd Ave & Wall St. offering high visibility and signage opportunities.; Unique, remodeled interior featuring exposed brick, vaults‑turned‑offices, and large windows providing natural light.; Versatile layout with multiple conference rooms, 14 private offices, kitchenette, two private restrooms, and open workspace.
More about this property
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