Corner Retail Space in Medical
For Lease
Contact for pricing
509 Olive Way, Seattle, WA 98101
Second-generation retail suite with a highly visible storefront on a key corner within the Medical Dental Building retail core.
Space Size5,443 SF
Days on Market731
Property Features for 509 Olive Way
General Information
Standard status
Active
Size
5,443 SF
Property subtype
RETAIL
Spaces For Lease
at 509 Olive Way Contact us- Size
- 5,443 SF
- Type
- RETAIL
- Rate
- Contact for pricing
- Lease Type
- NNN
- Availability
- AVAILABLE
5th & Olive
Second-generation retail space at the landmark Medical Dental Building. Highly visible...
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Listing Agency:
Real Retail
Listed By:
Maria Royer
(206) 464-0600
Source:
Moodyscre
Added: Sep 16, 2024
Changed: Sep 10
Last Checked: Sep 15 at 8:43AM
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 Real Retail
Investment Insights
Based on property information with market context.
Second-generation retail space available within the landmark Medical Dental Building, featuring a highly visible storefront on a key corner in the retail core. The space is offered with frontage on 5th Ave and totals 5,443 square feet of retail area.
The location places the suite adjacent to a flagship Nordstrom, directly across from SLU Streetcar, and next to Westlake Transit Station. It is also adjacent to Pacific Place Shopping Center, supporting strong day-to-day retail traffic from both transit and destination retail.
This is a straightforward retail opportunity in a prominent, established building setting with an emphasis on storefront visibility at a corner location.
The location places the suite adjacent to a flagship Nordstrom, directly across from SLU Streetcar, and next to Westlake Transit Station. It is also adjacent to Pacific Place Shopping Center, supporting strong day-to-day retail traffic from both transit and destination retail.
This is a straightforward retail opportunity in a prominent, established building setting with an emphasis on storefront visibility at a corner location.
Key Highlights
- 5,443 SF second‑generation retail space available on 5th Ave.
- Highly visible storefront on a key corner within the Medical Dental Building retail core.
- Located adjacent to the Flagship Nordstrom.
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
19,115
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Seattle, WA
$28.33 /SF/Yr
Avg Asking Price
$19–$35 /SF/Yr
Price Range
3,891 SF
Avg Space Size
Vacancy Rate% for Retail in Seattle, WA
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Frequently Asked Questions
What type of property is this?
Storefront property - Second-generation retail suite with a highly visible storefront on a key corner within the Medical Dental Building retail core.
Where is this storefront property located?
The property is located at 509 Olive Way Seattle, WA.
What are key features of this property?
This property features: 5,443 SF second‑generation retail space available on 5th Ave.; Highly visible storefront on a key corner within the Medical Dental Building retail core.; Located adjacent to the Flagship Nordstrom.
