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Ballard Avenue Commercial Space Available
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1451 NW 46th St, Seattle, WA 98107

Flexible commercial space near downtown Ballard with parking.

Space Size12,654 SF
Days on Market319

Property Features for 1451 NW 46th St

General Information

Standard status Active
Size 12,654 SF
Class A
Property subtype office

Spaces For Lease

at 1451 NW 46th St
Available Space 1/1/2025
Floor 5
Size 12,654 SF
Type Medical
Term 3/31/2030
Sublease Yes
Contact us
Listing Agency: Seattle
Listed By: Marcelo Garcés · License #105065
Source: Property.jll
Added: Nov 24, 2025 Changed: Sep 11 Last Checked: Oct 7 at 8:55AM

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 Seattle

Investment Insights

Based on property information with market context.

This property offers flexible space suitable for office, commercial, or retail use. The building is conveniently located within walking distance of downtown Ballard and Ballard Avenue amenities. It is easily accessible and offers high exposure with potential for exterior signage. Ample surface and covered parking are available. Mutually agreeable demising of the full floor is negotiable. The property has a size of 13,251 square feet.

Key Highlights

  • Flexible potential uses: office, commercial, retail.
  • Easy walking distance to downtown Ballard and Ballard Avenue amenities.
  • High exposure project with exterior signage potential.**

Property Analytics

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Open Analytics

Current Use

The Cove at Ballard PCC Restaurant EVgo Charging Station Electric Vehicle Charging Station PCC Community Markets ... Specialty Food Shop

Suggested Use

Top Pick Auto Parts Store Dental Office Building Supply HVAC Service Grocery & Convenience Store Garden Center

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

2,219
Businesses Nearby

Demographics for 98107, WA

28,557
Population
16,538
Households
1.7
Avg Household Size
35
Median Age
76%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
12,980
Density / Sq Mi
$137,748
Median Household Income
$82,884
Median Earnings
$2,194
Median Rent
$924,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Seattle, WA

$27.08 /SF/Yr
Avg Asking Price
$2.56–$53 /SF/Yr
Price Range
12,678 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
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Frequently Asked Questions

What type of property is this?
Office units - Flexible commercial space near downtown Ballard with parking.
Where is this office units located?
The property is located at 1451 NW 46th St Seattle, WA.
What are key features of this property?
This property features: Flexible potential uses: office, commercial, retail.; Easy walking distance to downtown Ballard and Ballard Avenue amenities.; High exposure project with exterior signage potential.**
More about this property
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