Building Details

Year Built 2014

Listing Agency: WEST COAST COMMERCIAL REALTY, LLC t***@wccommercialrealty.com Show Phone

Listed By: TIFFINI COX · License #18739

Source: Corcoran

Added: Jan 21 Changed: Jul 6 Last Checked: Jul 23 at 7:58AM

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Investment Insights

Based on property information with market context.

This is a second-generation restaurant space located in Belltown. The property features a Type 1 hood. The property size is 2377 square feet. The intended use of the property is for conventional restaurants and restaurants.

Key Highlights

• Belltown location
• Second generation restaurant space with a Type 1 hood
• Built in 2014

Property Analytics

Property Profile

Current Use

Mantra Thai Restaurant ... Restaurant 24h Boardup General Contractor Verve Apartment Building Venbit Seattle Web ... Marketing & Advertising Naos Dev (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Grocery & Convenience Store Food Market (Bike/Boat/Book/etc) Store Pharmacy Butcher Pet Grooming Service

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

$6.26 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

7,822

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

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

$35.3 /SF/Yr

Avg Asking Price

$24–$50 /SF/Yr

Price Range

2,098 SF

Avg Space Size

This space is priced 18% above the average of $35.3 /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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this conventional restaurants located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Second generation restaurant space with Type 1 hood.

Where is this conventional restaurant located?

The property is located at 2720 4th Ave Seattle, WA.

What is the lease rate?

The lease rate is $8,270 /Mo.

What are key features of this property?

This property features: Belltown location; Second generation restaurant space with a Type 1 hood; Built in 2014