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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.

Space Size3,400 SF
Days on Market463

Property Features for 312 1st Avenue South

General Information

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

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

Spaces For Lease

at 312 1st Avenue South
NORD Building $10/SF/Yr
Floor Basement
Size 3,400 SF
Type OFFICE
Lease Type NNN
Availability AVAILABLE
The Nord Building – Strategic Location, Historic Distinction Positioned at 314 1st Avenue South in Pioneer Square, the Nord Building delivers a compelling value proposition for businesses seeking a prestigious Seattle address with tangible operational advantages. This three-story commercial property, constructed in 1900 and professionally renovated in 1982, combines architectural distinction with contemporary business infrastructure. Ground-floor spaces feature expansive street-facing windows that maximize visibility and customer engagement – a strategic asset for retail operations, food service establishments, or client-facing businesses requiring strong foot traffic conversion. Upper-level office suites and coworking environments provide efficient, professional workspaces equipped with enterprise-grade internet connectivity, shared kitchen facilities, and 24/7 secure building access to support flexible business operations. The property's Pioneer Square location offers significant competitive advantages: proximity to a concentrated mix of commercial, dining, and professional services; superior public transportation access including multiple transit lines; and high walkability scores that facilitate client meetings and employee commutes. The surrounding business ecosystem includes established corporate tenants, legal and professional services firms, and a robust dining and hospitality sector. PSM-100 zoning provides operational flexibility for diverse business applications. Building management is handled by AGM Real Estate Group LLC, offering institutional-grade tenant services including digital payment processing, systematic maintenance protocols, and centralized communications infrastructure to minimize administrative burden. The Nord Building represents a strategic real estate decision: proven location performance, maintained historic assets, and professional building operations supporting long-term business objectives.
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Listing Agency: AGM Real Estate Group LLC
Listed By: Alec Gessel
Source: Moodyscre
Added: Jul 14, 2025 Changed: Oct 3 Last Checked: Oct 16 at 9:43AM

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

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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

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Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Tanning Salon Veterinary Clinic Pet Store Pet Store & 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
$1.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

4,609
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

$33.9 /SF/Yr
Avg Asking Price
$22–$42.5 /SF/Yr
Price Range
26,833 SF
Avg Space Size

This space is priced 71% below the average of $33.9 /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

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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