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Edmonds Waterfront Office/Retail Space
For Lease
$30 SF/Yr

471 Admiral Way, Edmonds, WA 98020

First floor office/retail space in shell condition near Edmonds waterfront.

Space Size1,925 SF
Property Size11,850 SF
Days on Market337

Property Features for 471 Admiral Way

General Information

Standard status Active
Size 1,925 SF
Class A
Property subtype Office
Lease Term NNN

Building Details

Building Size 11,850 SF
Year Built 2023

Spaces For Lease

at 471 Admiral Way Contact us

Suite 100 $30 – $35/SF/Yr

Size
1,925 SF
Type
Office Building
Term
Negotiable
Contact us
Listing Agency: Lee & Associates Commercial Real Estate Services
Listed By: Scott Eshelman
Source: Lee-associates
Added: Sep 10, 2025 Changed: Aug 8 Last Checked: Aug 8 at 11:55AM

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 Lee & Associates Commercial Real Estate Services

Investment Insights

Based on property information with market context.

This first-floor office/retail space is in shell condition and situated close to the Edmonds waterfront. The property benefits from excellent natural light and high ceilings. Constructed to a high standard, the space offers exposure on the main access route to waterfront restaurants, marinas, parks, and commercial businesses. The new construction provides a strong corporate image. The property is suitable for office space use.

Key Highlights

  • Prime location on main access to Edmonds waterfront restaurants, marinas, parks, and businesses.
  • New (2023) Class‑A construction with a strong corporate image.
  • Excellent natural light and high ceilings.

Property Analytics

Current Use

Port of Edmonds Marina Sasquatch Sportfishing Tour Operator

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Pharmacy Garden Center Furniture & Home Goods Grocery & Convenience 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
$4.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,391
Businesses Nearby

Demographics for 98020, WA

20,236
Population
9,379
Households
2.2
Avg Household Size
52
Median Age
60%
College-Educated
98%
High-School Grad
5.2 sq mi
ZIP Area
3,892
Density / Sq Mi
$122,243
Median Household Income
$73,725
Median Earnings
$1,894
Median Rent
$959,200
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Office units - First floor office/retail space in shell condition near Edmonds waterfront.
Where is this office units located?
The property is located at 471 Admiral Way Edmonds, WA.
What is the lease rate?
The lease rate is $30 SF/Yr.
What are key features of this property?
This property features: Prime location on main access to Edmonds waterfront restaurants, marinas, parks, and businesses.; New (2023) Class‑A construction with a strong corporate image.; Excellent natural light and high ceilings.
More about this property
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