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Contiguous Office Suites Opportunity
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568 1st Ave S, Seattle, WA 98104

Two office suites can be combined into a contiguous space totaling 10,332 RSF.

Property Size7,449 SF
Days on Market1114

Property Features for 568 1st Ave S

General Information

Standard status Active
Size 7,449 SF
Property subtype OFFICE
Listing Agency: Newmark
Listed By: Daniel Seger
Source: Moodyscre
Added: Jul 13, 2023 Changed: Jul 28 Last Checked: Jul 30 at 2:12PM

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

Investment Insights

Based on property information with market context.

This listing offers office space comprising Suites 500 and 550, with the option to be made contiguous. The suites can be combined to create a single, larger, uninterrupted space totaling 10,332 RSF.

The property is located at 568 1st Ave S in Seattle, Washington 98104.

In addition to the contiguous configuration, each suite is available as part of the overall offering, providing flexibility depending on space requirements.

Key Highlights

  • Suite 500 and Suite 550 can be combined into a contiguous space totaling 10,332 RSF.

Property Analytics

Current Use

Freeman Electronics & Wireless Store Ideoclick (Bike/Boat/Book/etc) Store Committee For Children Social Service Agency Head2Head (Bike/Boat/Book/etc) Store Silver Fox Productions ... Marketing & Advertising

Suggested Use

Top Pick Pet Grooming Service (Bike/Boat/Book/etc) Store Tanning Salon Veterinary Clinic Pet Store 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

9,671
Businesses Nearby

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

$29.99 /SF/Yr
Avg Asking Price
$4.18–$900 /SF/Yr
Price Range
3,002 SF
Avg Space Size

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 units - Two office suites can be combined into a contiguous space totaling 10,332 RSF.
Where is this office units located?
The property is located at 568 1st Ave S Seattle, WA.
What are key features of this property?
This property features: Suite 500 and Suite 550 can be combined into a contiguous space totaling 10,332 RSF.
(206) 487-5163 Call to check price and availability
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