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New Construction Retail Space
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1400 Madison St, Seattle, WA 98104

New construction retail space available now, with tenant improvement allowance for qualified tenants.

Property Size1,011 SF
Days on Market423

Property Features for 1400 Madison St

General Information

Standard status Active
Size 1,011 SF
Property subtype RETAIL
Lease Type SF/yr

Space & Availability

Space Use Retail
Available From Immediate
Listing Agency: Ayers Commercial Group
Listed By: Andrew Ayers · License #105705
Source: Moodyscre
Added: Jun 5, 2025 Changed: Jul 29 Last Checked: Aug 1 at 11:44AM

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 Ayers Commercial Group

Investment Insights

Based on property information with market context.

New construction retail space available now, designed for a strong commercial presence along Madison. The property offers a tenant improvement allowance for qualified tenants, supporting customization to fit your business needs.

Situated in First Hill, the surrounding area includes a mix of national and local retailers and financial institutions, such as Whole Foods, Amazon Go, KeyBank, Chase, and Bank of America. Nearby dining and everyday retail options include Top Pot Doughnuts and Potbelly Sandwich Shop.

The location also benefits from proximity to major institutions, with Swedish Hospital and Virginia Mason Medical Center nearby, and Seattle University just one block away. Public transit access is supported by the Broadway & Marion Streetcar and RapidRide stations, providing convenient connectivity for customers and employees.

Key Highlights

  • New construction retail space available now in First Hill
  • Tenant improvement allowance available for qualified tenants
  • Located on Madison with nearby retailers including Whole Foods, Amazon Go, KeyBank, and major banks

Property Analytics

Current Use

The Rise on Madison Apartment Complex

Suggested Use

Top Pick Auto Parts Store Electrical Service Pet Grooming Service (Bike/Boat/Book/etc) Store Pet Store Tanning Salon

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

13,952
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

$29.84 /SF/Yr
Avg Asking Price
$5.86–$65.62 /SF/Yr
Price Range
2,457 SF
Avg Space Size

This space is priced 17% above the average of $29.84 /SF/Yr.

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
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - New construction retail space available now, with tenant improvement allowance for qualified tenants.
Where is this retail space located?
The property is located at 1400 Madison St Seattle, WA.
What is the lease rate?
The lease rate is $35 SF/Yr.
What are key features of this property?
This property features: New construction retail space available now in First Hill; Tenant improvement allowance available for qualified tenants; Located on Madison with nearby retailers including Whole Foods, Amazon Go, KeyBank, and major banks
(425) 275-1447 Call to check price and availability
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