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Retail Restaurant Space for Lease
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401 Westlake Ave N, Seattle, WA 98109

8,000 SF retail/restaurant building in shell condition with 12'–15' ceilings, fully sprinklered, and mezzanine wheelchair lift.

Property Size8,000 SF
Days on Market131

Property Features for 401 Westlake Ave N

General Information

Standard status Active
Size 8,000 SF
Property subtype RETAIL
Lease Type SF/yr

Warehouse & Industrial

Clear Height 15 ft
Sprinkler System Yes

Amenities

wheelchair lift
Listing Agency: Kidder Mathews
Listed By: Jeff Loftus · License #22575
Source: Moodyscre
Added: Mar 24 Changed: Jul 27 Last Checked: Jul 31 at 3:06AM

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 Kidder Mathews

Investment Insights

Based on property information with market context.

Former Serious Pie restaurant space is available for long-term lease in a versatile retail/restaurant building totaling 8,000 SF. The space is divisible into 5,700 SF and 2,300 SF suites, with 12'–15' ceilings throughout and a mezzanine served by a wheelchair lift.

The property is currently in shell condition and fully sprinklered, offering a flexible framework for an incoming tenant to tailor the interior layout. It is located in a high-foot-traffic area in South Lake Union near Westlake and Harrison.

This offering provides a practical combination of divisible floor area, ceiling height, and functional access to a mezzanine level, suitable for a range of retail and restaurant concepts consistent with the existing shell condition.

Key Highlights

  • 8,000 SF retail/restaurant building available for long‑term lease
  • Space divisible to 5,700 SF and 2,300 SF
  • 12'-15' ceilings and current shell condition

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Daycare Center Pet Store Electrical Service (Bike/Boat/Book/etc) Store Pet Store & Service 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

15 ft
Clear height
Yes
Sprinkler system
NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

8,157
Businesses Nearby
Under-served
Demand for This Use

Demographics for 98109, WA

34,551
Population
23,162
Households
1.5
Avg Household Size
32
Median Age
78%
College-Educated
98%
High-School Grad
1.9 sq mi
ZIP Area
18,185
Density / Sq Mi
$130,845
Median Household Income
$104,202
Median Earnings
$2,329
Median Rent
$986,000
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 58% below 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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - 8,000 SF retail/restaurant building in shell condition with 12'–15' ceilings, fully sprinklered, and mezzanine wheelchair lift.
Where is this conventional restaurant located?
The property is located at 401 Westlake Ave N Seattle, WA.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: 8,000 SF retail/restaurant building available for long‑term lease; Space divisible to 5,700 SF and 2,300 SF; 12'-15' ceilings and current shell condition
(206) 248-7326 Call to check price and availability
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