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Office Building with First-Floor Retail
For Lease
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2233-2245 1st Ave S, Seattle, WA 98134

Upcoming grand entry and open first-floor retail, plus on-site parking, storage, and freight elevator access to all floors.

Property Size5,880 SF
Days on Market63

Property Features for 2233-2245 1st Ave S

General Information

Standard status Active
Size 5,880 SF
Property subtype OFFICE
Lease Type SF/yr

Amenities

on-site parking
storage
loading dock
freight elevator
Listing Agency: Newmark
Listed By: Brody O'Keefe
Source: Moodyscre
Added: May 29 Changed: Jul 27 Last Checked: Jul 30 at 10:02AM

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 for-rent commercial building includes options for single- or multi-tenant occupancy, with large 15,000 SF floor plates. Tenant improvement allowances are available to support a custom build-out. The property is equipped with on-site parking, storage, a loading dock, and freight elevator access to all floors.

A new grand building entry is under construction, with an open-concept first-floor retail component and tenant amenities. The property is located at 2233–2245 1st Ave S in Seattle, near Starbucks’ HQ, the Port of Seattle, Lumen Field, and the SODO Wine district, with nearby restaurants.

Designed for flexible occupancy, the available suites can be configured around the building’s retail-first ground level and office space above, supported by freight-accessible building logistics.

Key Highlights

  • 15,000 SF floor plates for single- or multi‑tenant opportunities
  • Tenant improvement allowances available for custom build‑out
  • On‑site parking, storage, loading dock, and freight elevator access to all floors

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Pet Store Pet Store & Service Clothing & Fashion 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
$3.45 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,058
Businesses Nearby

Demographics for 98134, WA

1,216
Population
241
Households
5
Avg Household Size
38
Median Age
26%
College-Educated
89%
High-School Grad
3.3 sq mi
ZIP Area
368
Density / Sq Mi
$66,119
Median Household Income
$35,472
Median Earnings
$1,551
Median Rent
$385,300
Median Home Value

Market

Lease Benchmarks for Seattle, WA

$29.99 /SF/Yr
Avg Asking Price
$4.18–$900 /SF/Yr
Price Range
3,002 SF
Avg Space Size

This space is priced 23% below the average of $29.99 /SF/Yr.

Vacancy Rate% for Office in Seattle, WA

8.5% 2019
13.4% 2020
17.6% 2021
19.5% 2022
24.3% 2023
30% 2024
32.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Upcoming grand entry and open first-floor retail, plus on-site parking, storage, and freight elevator access to all floors.
Where is this office units located?
The property is located at 2233-2245 1st Ave S Seattle, WA.
What is the lease rate?
The lease rate is $23 SF/Yr.
What are key features of this property?
This property features: 15,000 SF floor plates for single- or multi‑tenant opportunities; Tenant improvement allowances available for custom build‑out; On‑site parking, storage, loading dock, and freight elevator access to all floors
(206) 453-1463 Call to check price and availability
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