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Retail Space on Spring Street
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400 Spring St, Seattle, WA

775 SF street-front retail space in downtown Seattle.

Space Size775 SF
Lot Size0.19 Acres
Days on Market897

Property Features for 400 Spring St

General Information

Standard status Active
Size 775 SF
Lot size 0.19 Acres
Property subtype RETAIL
Lease Type NNN

Spaces For Lease

at 400 Spring St
Executive Pacific Retail Space AVAILABLE, Now
Floor 1
Size 775 SF
Type RETAIL
Lease Type NNN
Sublease No
775 Square Feet of street front retail along Spring Street. Partially built out former Salon Space ready for immediate build out to complete renovations to suit the new tenant's needs. Tenant's operations should service the hotel guests as well as office workers in the surrounding downtown business core. 153 Hotel rooms provide daily customer base and location sits next to the lobby of the Executive Pacific Hotel. Reach out with any questions or for more information.
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Listing Agency: Paragon Real Estate Advisors
Listed By: Mitch Battison
Source: Moodyscre
Added: May 8, 2024 Changed: Oct 8 Last Checked: Oct 20 at 8:45PM

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 Paragon Real Estate Advisors

Rey
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Investment Insights

Based on property information with market context.

This 775 square foot retail space is located on Spring Street. The space, formerly a salon, is partially built out and ready for renovations to suit a new tenant's needs. The location is adjacent to the lobby of the Executive Pacific Hotel, which has 153 rooms, providing a customer base. The tenant's operations should service the hotel guests as well as office workers in the surrounding downtown business core.

Key Highlights

  • Street front retail location on Spring Street
  • 153 Hotel rooms provide a daily customer base
  • Located next to the lobby of the Executive Pacific Hotel

Property Analytics

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Current Use

Executive Hotel Pacific Hotel & Motel tacoma international Airport

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Pet Store Pet Store & Service Butcher Clothing & Fashion Store

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
$4.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

23,506
Businesses Nearby
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Seattle, WA

$28.96 /SF/Yr
Avg Asking Price
$12–$53 /SF/Yr
Price Range
5,011 SF
Avg Space Size

This space is priced 11% above the average of $28.96 /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

Frequently Asked Questions

What type of property is this?
Retail space - 775 SF street-front retail space in downtown Seattle.
Where is this retail space located?
The property is located at 400 Spring St Seattle, WA.
What is the lease rate?
The lease rate is $32 SF/Yr.
What are key features of this property?
This property features: Street front retail location on Spring Street; 153 Hotel rooms provide a daily customer base; Located next to the lobby of the Executive Pacific Hotel
(206) 812-9137 Call to check price and availability
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