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Historic Three-Story Office and Retail Building
For Lease
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312 1st Avenue South, Seattle, WA 98104

Three-story building with street-facing ground-floor windows, upper office and coworking space, shared kitchens, and 24/7 secure access.

Property Size3,400 SF
Days on Market384

Property Features for 312 1st Avenue South

General Information

Standard status Active
Size 3,400 SF
Property subtype OFFICE
Zoning PSM-100
Lease Type SF/yr

Additional Details

Business Included No

Amenities

enterprise-grade internet connectivity
shared kitchen facilities
24/7 secure building access

Building Details

Year Built 1900
Year Renovated 1982
Stories 3
Listing Agency: AGM Real Estate Group LLC
Listed By: Alec Gessel
Source: Moodyscre
Added: Jul 14, 2025 Changed: Jul 28 Last Checked: Aug 1 at 7:17AM

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 AGM Real Estate Group LLC

Investment Insights

Based on property information with market context.

The Nord Building is a three-story commercial property constructed in 1900 and professionally renovated in 1982. Ground-floor spaces feature expansive, street-facing windows designed to support visibility for client-facing use. Upper-level areas are configured for office suites and coworking environments, with shared kitchen facilities and enterprise-grade internet connectivity. Building access is available 24/7 through secure entry.

The property is located in Seattle’s Pioneer Square and operates under PSM-100 zoning, supporting a range of business applications. Building management is handled by AGM Real Estate Group LLC, providing centralized communications, systematic maintenance protocols, and digital payment processing.

With its historic character and professionally maintained operations, the Nord Building offers a flexible mix of street-level and workspace accommodations for tenants seeking a single, managed address in downtown Seattle.

Key Highlights

  • Nord Building at 314 1st Avenue South: three‑story commercial property in Pioneer Square
  • Built in 1900 and renovated in 1982
  • Ground‑floor spaces with expansive street‑facing windows for customer/client‑facing visibility

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Butcher Electrical Service (Bike/Boat/Book/etc) Store Florist Nursing Home Adult Day Care

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
$1.50 /SF/Yr
CAM

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

Market

Lease Benchmarks for Seattle, WA

$29.47 /SF/Yr
Avg Asking Price
$20–$42.5 /SF/Yr
Price Range
8,665 SF
Avg Space Size

This space is priced 66% below the average of $29.47 /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
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Frequently Asked Questions

What type of property is this?
Office building - Three-story building with street-facing ground-floor windows, upper office and coworking space, shared kitchens, and 24/7 secure access.
Where is this office building located?
The property is located at 312 1st Avenue South Seattle, WA.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: Nord Building at 314 1st Avenue South: three‑story commercial property in Pioneer Square; Built in 1900 and renovated in 1982; Ground‑floor spaces with expansive street‑facing windows for customer/client‑facing visibility
(425) 679-1673 Call to check price and availability
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