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Second-Generation Restaurant for Lease
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2101 5th Avenue, Seattle, WA 98121

Backfill-ready full-service sit-down restaurant space offered for lease with 3,853 SF available.

Space SizeContact for details
Days on Market51

Property Features for 2101 5th Avenue

General Information

Standard status Active
Class Unclassified
Property subtype retail

Additional Details

Business Included Yes
Multifamily Units 188
Listing Agency: Los Angeles
Listed By: Francesca Howard · License #21002798
Source: Property.jll
Added: Jun 28 Changed: Aug 16 Last Checked: Aug 17 at 3:36AM

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 Los Angeles

Investment Insights

Based on property information with market context.

This second-generation restaurant space is available for lease at 2101 5th Avenue and totals 3,853 square feet. The offering is positioned for a full-service sit-down concept, with the layout geared toward restaurant operations rather than conversion from a blank shell.

The property is situated in Seattle’s South Lake Union area, with the Martin Luxury Apartments (188 units) nearby and a surrounding mix of SLU residents and tech workers. The location also places the restaurant adjacent to Seattle’s Cinerama Dome, along with nearby hotels and other attractions, supporting a steady flow of local and visitor traffic.

For operators seeking an established restaurant footprint, this space offers a practical platform to resume a full-service dining operation. Its second-generation status can reduce the uncertainty associated with ground-up buildouts, making it a strong fit for a tenant ready to move quickly and backfill a full-service sit-down restaurant use in a high-activity environment.

Key Highlights

  • Second generation, full‑service sit‑down restaurant space available for lease at 2101 5th Avenue
  • 3,853 SF available
  • Restaurant is adjacent to Seattle’s Cinerama Dome and nearby hotels and attractions

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Electrical Service Grocery & Convenience Store Carpet & Flooring Store HVAC Service (Bike/Boat/Book/etc) Store Florist

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

188
Residential units
Turnkey business
Opportunity
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

11,156
Businesses Nearby
Under-served
Demand for This Use

Demographics for 98121, WA

21,411
Population
15,781
Households
1.4
Avg Household Size
35
Median Age
78%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
53,528
Density / Sq Mi
$148,974
Median Household Income
$118,893
Median Earnings
$2,329
Median Rent
$796,600
Median Home Value

Market

Lease Benchmarks for Seattle, WA

$35.74 /SF/Yr
Avg Asking Price
$27–$50 /SF/Yr
Price Range
3,352 SF
Avg Space Size

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?
Conventional restaurant - Backfill-ready full-service sit-down restaurant space offered for lease with 3,853 SF available.
Where is this conventional restaurant located?
The property is located at 2101 5th Avenue Seattle, WA.
What are key features of this property?
This property features: Second generation, full‑service sit‑down restaurant space available for lease at 2101 5th Avenue; 3,853 SF available; Restaurant is adjacent to Seattle’s Cinerama Dome and nearby hotels and attractions
More about this property
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