Listing Agency: CBRE

Listed By: Lourdes Valdesuso Show Phone

Source: Cbre

Added: Jun 2 Changed: Aug 29 Last Checked: Sep 2 at 3:04PM

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Investment Insights

Based on property information with market context.

Old Town Lofts offers retail space in a commercial setting that brings together regional and national retailers, restaurants, boutiques, and established companies. The property is located at 16161 Cleveland Street in Redmond, Washington, providing a setting surrounded by a varied mix of consumer-facing and corporate businesses.

Key Highlights

• Located at 16161 Cleveland Street, Redmond, WA 98052
• Surrounded by regional and national retailers
• Nearby restaurants and boutiques

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Florist Pet Grooming Service Restaurant 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

3,438

Businesses Nearby

Explore this area Business Placement

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

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Frequently Asked Questions

What type of property is this?

Retail space - Positioned among retail, dining, boutique, and corporate destinations in Redmond.

Where is this retail space located?

The property is located at 16161 Cleveland Street Redmond, WA.

What are key features of this property?

This property features: Located at 16161 Cleveland Street, Redmond, WA 98052; Surrounded by regional and national retailers; Nearby restaurants and boutiques