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Historic Retail Space with Grand Hall
For Lease
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216 1st Ave S, Seattle, WA 98104

Retail space for lease ranges from approx. 300–5,000 SF inside an early 20th-century landmark with a pedestrian Grand Hall passageway.

Space Size5,000 SF
Days on Market332

Property Features for 216 1st Ave S

General Information

Standard status Active
Size 5,000 SF
Property subtype RETAIL

Site & Location

Neighborhood Pioneer Square

Spaces For Lease

at 216 1st Ave S
Grand Central Building AVAILABLE
Size 5,000 SF
Type RETAIL
Rate Contact for pricing
Lease Type NNN
Sublease No
Rising at the heart of Seattle’s original neighborhood, the Grand Central Building stands as one of Pioneer Square’s most iconic architectural treasures. Originally constructed in the early 20th century, this landmark structure anchors an entire block of historic brick façades, iron storefronts, and the beloved Grand Hall — a legacy pedestrian passageway that connects Occidental Square to the neighborhood’s retail spine. The building is now poised for its next evolution: a thoughtful revitalization that preserves its timeless architectural fabric while transforming it into an activated, pedestrian-forward corridor lined with small-format retailers, artisanal makers, and hospitality concepts. The Grand Hall becomes a curated micro-district — intimate, textured, and distinctly Pioneer Square. Retail space available ranges from approx. 300-5000 SF and can accomidate a variety of uses.
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Listing Agency: Real Retail
Listed By: Maria Royer
Source: Moodyscre
Added: Dec 3, 2025 Changed: Oct 25 Last Checked: Oct 30 at 5:32PM

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 Real Retail

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Investment Insights

Based on property information with market context.

An opportunity to lease retail space within the early 20th-century Grand Central Building. The landmark structure anchors a full block of historic brick facades and iron storefronts, and features the Grand Hall pedestrian passageway that connects Occidental Square to the neighborhood’s retail spine.

Retail space availability ranges from approx. 300–5,000 SF and can accommodate a variety of uses. The building is positioned for a renewed, pedestrian-forward retail environment centered on the Grand Hall experience.

216 1st Ave S, Seattle, WA 98104.

Key Highlights

  • Retail space available ranges from approx. 300–5,000 SF
  • Grand Hall pedestrian passageway connects Occidental Square to the neighborhood’s retail spine
  • Early 20th‑century landmark building anchors an entire block

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Arroyo Interior Designs Interior Design Furst Michael MD Physician Hedgebrook Charitable Organization Test Northwest Counselor Naomi S. Oderberg, ... Physician

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Tanning Salon Veterinary Clinic Pet Store Butcher

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

12,655
Businesses Nearby

Demographics for 98104, WA

16,157
Population
10,803
Households
1.5
Avg Household Size
38
Median Age
45%
College-Educated
83%
High-School Grad
0.9 sq mi
ZIP Area
17,952
Density / Sq Mi
$61,866
Median Household Income
$57,791
Median Earnings
$1,511
Median Rent
$663,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Seattle, WA

$28.96 /SF/Yr
Avg Asking Price
$12–$53 /SF/Yr
Price Range
4,990 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

Frequently Asked Questions

What type of property is this?
Retail space - Retail space for lease ranges from approx. 300–5,000 SF inside an early 20th-century landmark with a pedestrian Grand Hall passageway.
Where is this retail space located?
The property is located at 216 1st Ave S Seattle, WA.
What are key features of this property?
This property features: Retail space available ranges from approx. 300–5,000 SF; Grand Hall pedestrian passageway connects Occidental Square to the neighborhood’s retail spine; Early 20th‑century landmark building anchors an entire block
(206) 619-0131 Call to check price and availability
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