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Retail Space Not Built for Type I Hood
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15171 NE 24th St, Redmond, WA 98052

Retail space within a transit-oriented mixed-use setting, without Type I hood/grease exhaust or dedicated retail parking.

Property Size2,180 SF
Days on Market17

Property Features for 15171 NE 24th St

General Information

Standard status Active
Size 2,180 SF
Property subtype RETAIL

Additional Details

Space Use Retail
Listing Agency: Pacific Asset Advisors, Inc
Listed By: Ryan Cornish · License #114877
Source: Moodyscre
Added: Jul 14 Changed: Jul 29 Last Checked: Jul 29 at 7:54PM

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 Pacific Asset Advisors, Inc

Investment Insights

Based on property information with market context.

Overlake Square offers retail space within a transit-oriented mixed-use development. The project is intended to serve a growing residential population and commuters accessing the nearby light rail station.

The tenant mix is best suited to service-oriented and neighborhood-serving retailers that benefit from consistent daily foot traffic. Due to building constraints, the spaces are not designed for restaurants that require a Type I hood/grease exhaust system. In addition, there is no dedicated retail parking, so pedestrian-focused, convenience-oriented uses are the strongest fit.

The available retail space totals 2,180 square feet. Existing building limitations should be reviewed early for any concept that would require Type I hood/grease exhaust equipment.

Key Highlights

  • 2,180 SF retail space at Overlake Square
  • Transit‑oriented mixed‑use setting with nearby light rail access
  • Not designed for restaurants needing a Type I hood/grease exhaust system

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Storage Facility Electrical Service Garden Center Grocery & Convenience Store Auto Parts Store (Bike/Boat/Book/etc) 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

2,327
Businesses Nearby
189k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 37% Shops & Services 32% Groceries 22% Home Improvements & Furnishings 4%
Trader Joe's Groceries
41,858 visits/mo 0.2 miles
Taco Bell Dining
27,309 visits/mo 0.3 miles
IHOP Dining
18,109 visits/mo 0.4 miles
Jack in the Box Dining
12,460 visits/mo 0.4 miles
Chevron Shops & Services
11,649 visits/mo 0.3 miles

Demographics for 98052, WA

77,176
Population
34,946
Households
2.2
Avg Household Size
34
Median Age
75%
College-Educated
98%
High-School Grad
20.3 sq mi
ZIP Area
3,802
Density / Sq Mi
$164,848
Median Household Income
$106,078
Median Earnings
$2,339
Median Rent
$1,107,900
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space within a transit-oriented mixed-use setting, without Type I hood/grease exhaust or dedicated retail parking.
Where is this retail space located?
The property is located at 15171 NE 24th St Redmond, WA.
What are key features of this property?
This property features: 2,180 SF retail space at Overlake Square; Transit‑oriented mixed‑use setting with nearby light rail access; Not designed for restaurants needing a Type I hood/grease exhaust system
(425) 250-3285 Call to check price and availability
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