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Ground Floor Retail and Office Space
For Lease
$35 SF/Yr

16720 Redmond Way, Redmond, WA 98052

Ground floor space at Armstrong Commons with parking options suitable for office or retail uses.

Space Size1,447 SF
Property Size8,922 SF
Days on Market77

Property Features for 16720 Redmond Way

General Information

Standard status Active
Size 1,447 SF
Property subtype Retail
Lease Term NNN

Building Details

Building Size 8,922 SF
Year Built 1988

Spaces For Lease

at 16720 Redmond Way Contact us

Suite G $35/SF/Yr

Size
1,447 SF
Type
Street Retail
Term
Negotiable
Contact us
Listing Agency: Lee & Associates Commercial Real Estate Services
Listed By: Aaron Mathieu
Source: Lee-associates
Added: Jun 17 Changed: Aug 31 Last Checked: Aug 31 at 1:58PM

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 Lee & Associates Commercial Real Estate Services

Investment Insights

Based on property information with market context.

Armstrong Commons presents a ground floor space that can support office or retail uses. The offering is positioned as exceptionally located within the center and includes parking options for day-to-day access.

The property is located at 16720 Redmond Way in Redmond, Washington, and is intended for tenants looking for street-level convenience with on-site parking available through the center.

The space is listed for rent as part of Armstrong Commons, a storefront-oriented retail and office environment.

Key Highlights

  • Ground floor space at Armstrong Commons
  • Suitable for office or retail uses
  • Includes parking options

Property Analytics

Current Use

Farmers Insurance - Steven ... Insurance Agency Taqueria El Gallo Restaurant Just got blessed Barber Shop Bear Creek Chiropractic ... Alternative Medicine Practice Mountain Surf Chiropractic Alternative Medicine Practice

Suggested Use

Top Pick Auto Parts Store Grocery & Convenience Store Storage Facility Furniture & Home Goods Florist (Bike/Boat/Book/etc) 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
$5.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,947
Businesses Nearby
Under-served
Demand for This Use

Demographics for 98052, WA

77,176
Population
34,946
Households
2.2
Avg Household Size
34
Median Age
75%
College-Educated
98%
High-School Grad
20.3 sq mi
ZIP Area
3,802
Density / Sq Mi
$164,848
Median Household Income
$106,078
Median Earnings
$2,339
Median Rent
$1,107,900
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Storefront property - Ground floor space at Armstrong Commons with parking options suitable for office or retail uses.
Where is this storefront property located?
The property is located at 16720 Redmond Way Redmond, WA.
What is the lease rate?
The lease rate is $35 SF/Yr.
What are key features of this property?
This property features: Ground floor space at Armstrong Commons; Suitable for office or retail uses; Includes parking options
More about this property
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