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New Retail Space Available
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1700-1716 21st Ave S, Seattle, WA

Retail and restaurant spaces available in Seattle's Grand Street Commons.

Space Size3,405 SF
Lot Size0.45 Acres
Days on Market1718

Property Features for 1700-1716 21st Ave S

General Information

Standard status Active
Size 3,405 SF
Lot size 0.45 Acres
Property subtype RETAIL
Lease Type NNN

Spaces For Lease

at 1700-1716 21st Ave S Contact us

State Street Lofts - Restaurant Space $40/SF/Yr

Floor
Ground
Size
3,405 SF
Type
RETAIL
Lease Type
NNN
Availability
AVAILABLE
Welcome to State Street Lofts! Located within the vibrant Grand Street Commons community,...
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Listing Agency: Be RETAIL
Listed By: Brynn Estelle Telkamp
Source: Moodyscre
Added: Dec 9, 2021 Changed: Aug 8 Last Checked: Aug 23 at 3:38AM

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 Be RETAIL

Investment Insights

Based on property information with market context.

Located in the new Grand Street Commons neighborhood and State Street Lofts, this property offers various retail and restaurant spaces. The State Street Lofts North Building provides 3,405 rentable square feet, divisible into an 1,812 rentable square foot restaurant space and a 1,593 rentable square foot retail space, or a combination thereof. The West Building features a 1,950 rentable square foot restaurant space with parking. The East Building, a two-story retail space at grade, fronts both 23rd Ave S and S. Grand Street, offering 1,190 to 2,977 rentable square feet of restaurant space and 1,190 to 9,032 rentable square feet suitable for retail, service retail, or grocer uses. The Grand Street Commons Project, with 780 residential units and nearly 50,000 square feet of retail, is expected to be completed in Q2 2025. The property is located within three contiguous blocks of mixed-use retail at Rainier Ave South and Grand Street, and is near 8,800 new homes within a 12-block radius. The Judkins East Link Rail Station is a 5-minute walk away and is scheduled to open in early 2026.

Key Highlights

  • Part of the new Grand Street Commons neighborhood with 780 residential units and nearly 50,000 SF of retail.
  • Located within a 12‑block radius of 8,800 new home starts.
  • Judkins East Link Rail Station is a 5‑minute walk away (opening early 2026).

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick HVAC Service Law Firm (Bike/Boat/Book/etc) Store Skin Care Clinic Grocery & Convenience Store Nursing Home

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
$6.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

991
Businesses Nearby

Market

Lease Benchmarks for Seattle, WA

$30.66 /SF/Yr
Avg Asking Price
$12–$50 /SF/Yr
Price Range
9,692 SF
Avg Space Size

This space is priced 30% above the average of $30.66 /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 - Retail and restaurant spaces available in Seattle's Grand Street Commons.
Where is this retail space located?
The property is located at 1700-1716 21st Ave S Seattle, WA.
What is the lease rate?
The lease rate is $40 SF/Yr.
What are key features of this property?
This property features: Part of the new Grand Street Commons neighborhood with 780 residential units and nearly 50,000 SF of retail.; Located within a 12‑block radius of 8,800 new home starts.; Judkins East Link Rail Station is a 5‑minute walk away (opening early 2026).
(206) 650-8595 Call to check price and availability
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