Listing Agency: CBRE d***@cbre.com Show Phone

Listed By: Dan McGinnis Show Phone

Source: Cbre

Added: Nov 22, 2025 Changed: Aug 9 Last Checked: Aug 22 at 2:08PM

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Investment Insights

Based on property information with market context.

This retail space is suitable for restaurant use and can be vented. The building provides abundant parking. Co-tenants include Bartell Drugs, Mad Pizza, and Starbucks. The location benefits from a medical-dominated day population, with 72,000 people within a half-mile radius, including Virginia Mason Hospital and Medical Center, Polyclinic, Swedish Medical Center, and Harborview Medical Center.

Key Highlights

• Ventable for restaurant use
• Abundant parking
• High medical‑dominated day population (72,000 within half mile)

Property Analytics

Property Profile

Current Use

The Graystone Preview Gallery Construction Company Park Hill Apartment Building

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

18,291

Businesses Nearby

Explore this area Business Placement

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

Market

Lease Benchmarks for Seattle, WA

$30.66 /SF/Yr

Avg Asking Price

$12–$50 /SF/Yr

Price Range

9,692 SF

Avg Space Size

Vacancy Rate% for Retail in Seattle, WA

4.5% 2019

4.4% 2020

3.9% 2021

3.6% 2022

3.8% 2023

4.7% 2024

5.7% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Retail space suitable for restaurant use with abundant parking.

Where is this retail space located?

The property is located at 1305 Madison Street Seattle, WA.

What are key features of this property?

This property features: Ventable for restaurant use; Abundant parking; High medical‑dominated day population (72,000 within half mile)