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Retail Space in Pioneer Square
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615 2nd Ave, Seattle, WA 98104

Prime retail space in historic Pioneer Square, Seattle.

Days on Market703

Property Features for 615 2nd Ave

General Information

Standard status Active
Property subtype Retail, Office, Restaurant

Building Details

Year Built 1898
Listing Agency: West Coast Commercial Realty
Listed By: Tiffini (Connell) Cox · License #WA 18739
Source: Crexi
Added: Aug 27, 2024 Changed: Jul 10 Last Checked: Jul 30 at 8:51AM

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

Investment Insights

Based on property information with market context.

This retail space is located in the Broderick Building, situated at the corner of 2nd Avenue and Cherry Street in Seattle's Pioneer Square. The location provides convenient access to the Central Business District and the Seattle waterfront development. The building is adjacent to the Smith Tower and within walking distance of the Seattle Ferry and Water taxi terminal. The surrounding area is known for its cultural scene and features restaurants and bars such as Damn the Weather, Cafe Hitchcock, Bar Solea, and Ill Terrazzo Carmine.

Key Highlights

  • Prime retail space in historic Pioneer Square.
  • Convenient location at the intersection of Pioneer Square, the Central Business District, and the Seattle waterfront development.
  • Adjacent to the Smith Tower.

Property Analytics

Current Use

Broderick Building Tour Operator Premise Data Corporation (Bike/Boat/Book/etc) Store De Voe William ... Law Firm Washington Immigration Defense Immigration & Naturalization Service Northwest Immigrant Rights ... Social Service Agency

Suggested Use

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

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
$2.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

19,743
Businesses Nearby

Demographics for 98104, WA

16,157
Population
10,803
Households
1.5
Avg Household Size
38
Median Age
45%
College-Educated
83%
High-School Grad
0.9 sq mi
ZIP Area
17,952
Density / Sq Mi
$61,866
Median Household Income
$57,791
Median Earnings
$1,511
Median Rent
$663,000
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

This space is priced 50% below the average of $29.84 /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
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Frequently Asked Questions

What type of property is this?
Retail space - Prime retail space in historic Pioneer Square, Seattle.
Where is this retail space located?
The property is located at 615 2nd Ave Seattle, WA.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: Prime retail space in historic Pioneer Square.; Convenient location at the intersection of Pioneer Square, the Central Business District, and the Seattle waterfront development.; Adjacent to the Smith Tower.
(206) 854-1925 Call to check price and availability
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