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Corner Retail Storefront
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624 Yale Avenue North, Seattle, WA 98109

Grey shell corner storefront with large windows, a roll-up door to a dedicated patio, and 16-foot ceilings.

Space Size2,581 SF
Days on Market1405

Property Features for 624 Yale Avenue North

General Information

Standard status Active
Size 2,581 SF
Property subtype RETAIL
Lease Type NNN

Spaces For Lease

at 624 Yale Avenue North Contact us

South Lake Union Cascade District Retail $29/SF/Yr

Floor
1
Size
2,581 SF
Type
RETAIL
Lease Type
NNN
Availability
AVAILABLE, Now
Rare opportunity to lease a corner retail space in South Lake Union's Cascade District,...
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Listing Agency: West Coast Commercial Realty, LLC
Listed By: Tracy Cornell
Source: Moodyscre
Added: Nov 17, 2022 Changed: Sep 5 Last Checked: Sep 21 at 4:51AM

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, LLC

Investment Insights

Based on property information with market context.

Corner retail storefront at the base of a 206-unit mixed-use apartment project in South Lake Union’s Cascade District. Delivered in grey shell condition, the space features large storefront windows, a garage roll-up door that opens to a dedicated patio area, and 16' ceilings.

The site is part of the YALE Campus, a mixed-use development comprised of four neighboring properties: 617 Eastlake, 1260 Mercer, 1275 Mercer, and 624 Yale. Retail tenants in the YALE Campus include Bright Horizons Childcare, PlayDate SEA, Amazon.com, Nanostring Technologies, and Seattle Care Alliance.

The layout and improvements support a range of uses called out for the space, including retail, non-vented food use, and fitness. The location is within a few blocks of Google’s 600,000 SF campus and within walking distance to Facebook’s 335,000 SF campus.

Key Highlights

  • Grey shell delivery corner storefront at the base of a 206‑unit mixed‑use apartment project
  • Large storefront windows plus a garage roll‑up door to a dedicated patio area
  • 16' ceilings

Property Analytics

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Current Use

624 Yale Apartments Apartment Building Arrive Residential Consultant

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Clothing & Fashion Store Mobile Phone Store Butcher Pet 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
$4.35 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

5,575
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Seattle, WA

$28 /SF/Yr
Avg Asking Price
$19–$35 /SF/Yr
Price Range
3,812 SF
Avg Space Size

This space is priced 4% above the average of $28 /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
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Frequently Asked Questions

What type of property is this?
Storefront property - Grey shell corner storefront with large windows, a roll-up door to a dedicated patio, and 16-foot ceilings.
Where is this storefront property located?
The property is located at 624 Yale Avenue North Seattle, WA.
What is the lease rate?
The lease rate is $29 SF/Yr.
What are key features of this property?
This property features: Grey shell delivery corner storefront at the base of a 206‑unit mixed‑use apartment project; Large storefront windows plus a garage roll‑up door to a dedicated patio area; 16' ceilings
(206) 948-0630 Call to check price and availability
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