New Retail Space
1700-1716 21st Ave S, Seattle, WA
For Lease
Contact for pricing
Retail and restaurant spaces available in Seattle's Grand Street Commons.
Space Size3,405 SF
Lot Size0.45 Acres
Days on Market1795
Property Features for 1700-1716 21st Ave S
General Information
Standard status
Size
Lot size
Property subtype
Lease Type
Site & Location
Neighborhood
Spaces For Lease
at 1700-1716 21st Ave S
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, State Street Lofts is positioned at the gateway to Seattle's rapidly growing Rainier Valley neighborhood at the intersection of I-90 and Rainier Avenue South.
Unmatched Growth & Density
Within a 12-block radius, more than 8,800 new residential units are planned or under development, bringing an estimated 12,300+ new residents to the immediate area.
State Street Lofts is part of the larger Grand Street Commons mixed-use development, featuring:
• 780 residential units
• Approximately 56,000 SF of retail
• Approximately 25,000 SF of retail currently available
Spaces ranging from 1,879 SF to 12,240 SF
Available Opportunity
State Street Lofts – North Building
• 3,405 RSF total
Can be demised into:
• 1,812 RSF restaurant space
• 1,593 RSF retail space
Flexible configurations available to accommodate a variety of retail, restaurant, service, and lifestyle users
Transit-Oriented Location
Five-minute walk to the East Link Extension at the Judkins Park Station
Immediate access to I-90 and Rainier Avenue South
Exceptional connectivity to Downtown Seattle, Bellevue, Mercer Island, and the Eastside
Join a Transforming Neighborhood!
State Street Lofts offers retailers the opportunity to establish a presence in one of Seattle's fastest-growing urban neighborhoods, serving a rapidly expanding residential population in a highly visible, transit-oriented environment.
Now leasing. Contact us to discuss available spaces and schedule a property tour
Contact us
Listing Agency:
West Coast Commercial Realty, LLC
(206) 283-5212
Listed By:
Tracy Cornell
(206) 948-0630
Source:
Moodyscre
Added: Dec 9, 2021
Changed: Nov 4
Last Checked: Nov 6 at 11:22AM
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 West Coast Commercial Realty, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$6.00 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
991
Businesses Nearby
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Seattle, WA
$28.76 /SF/Yr
Avg Asking Price
$12–$53 /SF/Yr
Price Range
4,988 SF
Avg Space Size
This space is priced 39% above the average of $28.76 /SF/Yr.
Properties on Market for Retail space in Seattle
Vacancy Rate% for Retail in Seattle, WA
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).
