Office or Retail Space
For Lease
Contact for pricing
507 Westlake Ave N, Seattle, WA 98109
Prime location near future park and streetcar route.
Space Size6,480 SF - 19,440 SF
Days on Market1020
Property Features for 507 Westlake Ave N
General Information
Standard status
Active
Size
6,480 SF - 19,440 SF
Property subtype
Office
Building Details
Tenancy
Multiple
Spaces For Lease
at 507 Westlake Ave N Contact usFloor 2 Active
Size
6,480 SF
Type
Office
Full Building Active
Size
19,440 SF
Type
Office
Listing Agency:
Newmark - Seattle
Listed By:
Cavan O'Keefe · License #26433
(206) 395-2903
Source:
Crexi
Added: Jan 5, 2024
Changed: Aug 24
Last Checked: Aug 14 at 6:05AM
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 Newmark - Seattle
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Investment Insights
Based on property information with market context.
This property offers an opportunity for office or retail use. It is situated in close proximity to I-5 and Highway 99, with an excellent location two blocks from a future South Lake Union park and along a planned streetcar route. Recent upgrades to the property include a state-of-the-art HVAC system, a fire alarm system, and sprinkler systems, all installed in 1999. A complete seismic retrofit was also completed in 1999, along with recent roof improvements. The freight elevator was renovated in 2006, and skylights were added to the 3rd floor in 1999. The property also features office sound acoustical ceilings and fiber optic cabling.
Key Highlights
- Excellent location, just two blocks from the future South Lake Union park and along the planned Streetcar route
- Close proximity to I‑5 and Hwy 99
- State of the art HVAC, fire alarm, and sprinkler systems
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
5,826
Businesses Nearby
Explore this area
Business Placement
Demographics for 98109, WA
34,551
Population
23,162
Households
1.5
Avg Household Size
32
Median Age
78%
College-Educated
98%
High-School Grad
1.9 sq mi
ZIP Area
18,185
Density / Sq Mi
$130,845
Median Household Income
$104,202
Median Earnings
$2,329
Median Rent
$986,000
Median Home Value
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Market
Lease Benchmarks for Seattle, WA
$27.96 /SF/Yr
Avg Asking Price
$2.56–$53 /SF/Yr
Price Range
12,237 SF
Avg Space Size
Vacancy Rate% for Office in Seattle, WA
Frequently Asked Questions
What type of property is this?
Office unit - Prime location near future park and streetcar route.
Where is this office unit located?
The property is located at 507 Westlake Ave N Seattle, WA.
What are key features of this property?
This property features: Excellent location, just two blocks from the future South Lake Union park and along the planned Streetcar route; Close proximity to I‑5 and Hwy 99; State of the art HVAC, fire alarm, and sprinkler systems
