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1617 Boylston Ave, Seattle, WA 98122

Two fully leased commercial assets feature established occupants and contracted rental increases.

Property Size36,471 SF
Days on Market62

Property Features for 1617 Boylston Ave

General Information

Standard status Active
Size 36,471 SF
Property subtype Commercial
Occupancy 100%
Net Operating Income $1,224,058

Additional Details

Anchor Co-Tenants Henry's Gymnasium, Enterprise Rent-A-Car

Building Details

Year Built 1921
Buildings 2
Tenancy Multi
Listing Agency: NEWMARK
Listed By: DANIEL SEGER · License #26433
Source: Corcoran
Added: Jun 29 Changed: Aug 29 Last Checked: Jul 4 at 8:18PM

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 offering includes two fully leased commercial properties totaling 36,471 SF. The assets are occupied by Henry’s Gymnasium and Enterprise Rent-A-Car, with Henry’s Gymnasium identified under an NNN lease extending through Nov 2035. Contracted rental increases are in place for the tenants.

The properties are positioned at E Pine Street and Boylston Avenue in Seattle’s Capitol Hill neighborhood, within the Pike/Pine corridor. Capitol Hill Link station is four blocks away, providing rail access toward Seattle’s CBD, South Lake Union, and Amazon’s Global HQ. The assets may be acquired together or individually.

Key Highlights

  • Two fully leased assets totaling 36,471 SF
  • Henry’s Gymnasium and Enterprise Rent‑A‑Car occupy the properties
  • Henry’s Gymnasium NNN lease extends through Nov 2035

Property Analytics

Current Use

Law Office of Erin ... Law Firm Solar Power for Homeowners Production Facility Vox Legal Law Firm Seattle Learning Academy Training Center HENRY'S GYMNASIUM Gym & Fitness Center

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Pet Store Pet Store & Service Pet Grooming Service 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

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

12,569
Businesses Nearby

Demographics for 98122, WA

41,646
Population
24,942
Households
1.7
Avg Household Size
32
Median Age
72%
College-Educated
98%
High-School Grad
2.3 sq mi
ZIP Area
18,107
Density / Sq Mi
$106,479
Median Household Income
$69,673
Median Earnings
$1,991
Median Rent
$929,400
Median Home Value

Market

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
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Frequently Asked Questions

What type of property is this?
NNN property - Two fully leased commercial assets feature established occupants and contracted rental increases.
Where is this nnn property located?
The property is located at 1617 Boylston Ave Seattle, WA.
What are key features of this property?
This property features: Two fully leased assets totaling 36,471 SF; Henry’s Gymnasium and Enterprise Rent‑A‑Car occupy the properties; Henry’s Gymnasium NNN lease extends through Nov 2035
More about this property
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