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    601 2Nd Ave Seattle, WA 98104

    For Lease
    $46 SF/Yr

    Prime Pioneer Square Retail Opportunity

    Lot size:
    149,040 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional retail space, part of the iconic Butler Garage in Downtown Seattle's Pioneer Square submarket, offers 1,192 square feet of ground floor commercial area. Located at the corner of Second Avenue and James Street, this property benefits from high foot traffic and proximity to major attractions. The building itself boasts a total of 149,040 square feet across one 12-story building, providing ample space for various uses. The property sits on a 0.29-acre lot and includes 460 parking spaces, a significant advantage in a bustling urban setting. The PSM zoning allows for a variety of retail and restaurant uses. Neighboring businesses include established and popular establishments such as Gary Manuel Salon, The Works, TAT's Delicatessen, and Bill Speidel's Underground Tour, creating a vibrant and synergistic commercial environment. The location is highly desirable, just blocks from the Seattle waterfront and one block from the Smith Tower, a landmark attracting over 80,000 unique visitors annually to its observatory. This presents a unique opportunity to establish a business within a thriving and historically significant neighborhood in King County. The property is currently configured for multiple tenants, offering flexibility for potential lease arrangements. This is a rare chance to secure a retail space in one of Seattle's most sought-after locations.

    Property Features for 601 2Nd Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    149,040 SF
    Total Rate
    571320

    Building Details

    Buildings
    1
    Stories
    12

    Unit(s) available at that property

    Space
    Butler Garage Retail 601C
    Size
    1,192 SF
    Rate per SF
    $46

    HighLights

    • 149,040 SF retail building with 460 parking spaces in Downtown Seattle's Pioneer Square submarket.
    • One‑story, 1,192 SF retail space available for lease.
    • Located at Second Avenue and James Street, near popular businesses including Gary Manuel Salon, The Works, and Bill Speidel's Underground Tour.
    • Situated in the heart of Pioneer Square, blocks from the waterfront and Smith Tower.
    • Building sits on a 0.29‑acre lot, zoned PSM in King County.
    • Multi‑tenant building with 12 stories.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hill's Barber Shop Barber Shop Thai Star Thai Restaurant Fusion Bistro Indian ... Indian Restaurant Insight Therapy Center Corporate Office

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Dental Office Clothing Store Food Market Daycare Center Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.33265411143
    Latitude
    47.602277483527

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    FAQs

    What type of property is this?
    Restaurant - Prime Pioneer Square Retail Opportunity
    Where is this restaurant located?
    The property is located at 601 2Nd Ave Seattle, WA.
    What is the lease rate?
    The lease rate is $46 SF/Yr.
    What are key features of this property?
    This property features: 149,040 SF retail building with 460 parking spaces in Downtown Seattle's Pioneer Square submarket.; One-story, 1,192 SF retail space available for lease.; Located at Second Avenue and James Street, near popular businesses including Gary Manuel Salon, The Works, and Bill Speidel's Underground Tour.
    Request Owner's contact information
    601 2Nd Ave Seattle, WA 98104
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    Seattle, WA 98104
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    601 2Nd Ave Seattle, WA 98104
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