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Prime Retail Frontage Lease Space
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405 University St, Seattle, WA 98101

Retail space for lease with frontage on University Street at 5th Avenue.

Property Size5,620 SF
Days on Market496

Property Features for 405 University St

General Information

Standard status Active
Size 5,620 SF
Property subtype RETAIL
Lease Type NNN
Listing Agency: West Coast Commercial Realty, LLC
Listed By: Avery Connell · License #18739
Source: Moodyscre
Added: Mar 24, 2025 Changed: Jul 26 Last Checked: Aug 1 at 10:05AM

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 West Coast Commercial Realty, LLC

Investment Insights

Based on property information with market context.

Retail space available for lease at 405 University St. The offering is structured as an NNN lease, with NNN amounts identified as estimates only.

The property fronts University Street at 5th Avenue. This location provides direct street-level retail exposure for prospective tenants.

Please note commissions are paid on base rent during the initial term only, and no commissions are paid on options, renewals, or extensions.

Key Highlights

  • Retail space for lease with frontage on University Street at 5th Avenue
  • NNNs are estimates only
  • Commissions paid on base rent during the initial term only; no commissions on options, renewals, or extensions

Property Analytics

Current Use

Retail space

Suggested Use

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

Location Intelligence

Trade Area within ½ mile

23,506
Businesses Nearby

Demographics for 98101, WA

16,237
Population
13,193
Households
1.2
Avg Household Size
36
Median Age
71%
College-Educated
96%
High-School Grad
0.5 sq mi
ZIP Area
32,474
Density / Sq Mi
$128,143
Median Household Income
$106,620
Median Earnings
$2,476
Median Rent
$741,400
Median Home Value

Market

Lease Benchmarks for Seattle, WA

$29.84 /SF/Yr
Avg Asking Price
$5.86–$65.62 /SF/Yr
Price Range
2,457 SF
Avg Space Size

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?
Retail space - Retail space for lease with frontage on University Street at 5th Avenue.
Where is this retail space located?
The property is located at 405 University St Seattle, WA.
What are key features of this property?
This property features: Retail space for lease with frontage on University Street at 5th Avenue; NNNs are estimates only; Commissions paid on base rent during the initial term only; no commissions on options, renewals, or extensions
(206) 475-9367 Call to check price and availability
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