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Renovated Industrial Flex Building
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129 1st Ave W, Seattle, WA 98119

Renovated industrial space with open, high-ceiling interiors suited for office, flex, and creative uses.

Space Size3,823 SF
Days on Market1500

Property Features for 129 1st Ave W

General Information

Standard status Active
Size 3,823 SF
Property subtype OFFICE
Lease Type Modified Gross

Amenities

access controlled building with security cameras

Spaces For Lease

at 129 1st Ave W Contact us

Bayview Lofts $22/SF/Yr

Floor
2
Size
3,823 SF
Type
OFFICE
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE
Classic renovated industrial building offering open, high ceiling spaces for your...
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Listing Agency: Caplock Properties, LLC
Listed By: Jeff Benoliel
Source: Moodyscre
Added: Jul 6, 2022 Changed: Aug 8 Last Checked: Aug 12 at 7:13AM

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 Caplock Properties, LLC

Investment Insights

Based on property information with market context.

This renovated industrial building offers open, high-ceiling spaces designed to support office, flex, and creative uses. The property is access controlled and monitored with security cameras.

The building sits near Safeway and Metropolitan Market, with coffee located less than 500 feet away and numerous restaurants and bars in the surrounding area. Pedestrian access to the Elliot Bay Trail and the Olympic Sculpture Park is also available.

A current tenant mix includes R&D, personal services, architects, and specialty food distributors, reflecting a building environment well-suited to a variety of office and production-adjacent operations.

Key Highlights

  • Renovated industrial building with open, high‑ceiling spaces suited for office, flex, and creative uses
  • Access‑controlled building with security cameras
  • Tenant mix includes R&D, personal services, architects, and specialty food distributors

Property Analytics

Current Use

Plaza Garibaldi Restaurant Covenant Health Corporate Office Dione’s Garden (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Daycare Center Electrical Service (Bike/Boat/Book/etc) Store Butcher Clothing & Fashion Store Nursing Home

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
$3.30 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,748
Businesses Nearby
Balanced
Demand for This Use

Demographics for 98119, WA

26,238
Population
15,323
Households
1.7
Avg Household Size
35
Median Age
71%
College-Educated
99%
High-School Grad
2.4 sq mi
ZIP Area
10,933
Density / Sq Mi
$125,021
Median Household Income
$74,038
Median Earnings
$1,963
Median Rent
$1,032,500
Median Home Value

Market

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
Questions? Ask Rey
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Similar Off Market Nearby

  • catering 351 elliott ave w, seattle, wa 98119
  • Hungry To Go 2800 Elliott Ave, Seattle, WA 98121
  • Espresso Elegance Catering, Inc. 122 Elliott Ave W, Seattle, WA 98119
  • Shooby Doo Catering - Olympic Sculpture Park 2901 Western Ave, Seattle, WA 98121
  • Get A Bartender 2226 Elliott Ave, Seattle, WA 98121

Frequently Asked Questions

What type of property is this?
Flex space - Renovated industrial space with open, high-ceiling interiors suited for office, flex, and creative uses.
Where is this flex space located?
The property is located at 129 1st Ave W Seattle, WA.
What is the lease rate?
The lease rate is $22 SF/Yr.
What are key features of this property?
This property features: Renovated industrial building with open, high‑ceiling spaces suited for office, flex, and creative uses; Access‑controlled building with security cameras; Tenant mix includes R&D, personal services, architects, and specialty food distributors
(425) 974-4229 Call to check price and availability
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