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    2925 Madison St Seattle, WA 98112

    For Lease
    $64 SF/Yr

    Prime Retail Space, Madison Park Place

    Lot size:
    123,965 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Madison Park Place offers a unique retail opportunity within a vibrant new mixed-use development. This ground-up construction boasts 82 residential units and ample retail space, creating a bustling environment for businesses. Currently, one retail space is available, measuring 2,617 square feet. The property features a desirable street-level retail presentation, ensuring high visibility and accessibility for customers. Convenient access to 70 structured parking spaces is provided via a nearby elevator, eliminating parking concerns for both tenants and their patrons. The development is situated on the former City People's Mercantile site, benefiting from established infrastructure and potential brand recognition. The total building size encompasses 123,965 square feet, indicating a substantial and well-planned development. This space is ideal for a variety of retail businesses seeking a prominent location within a thriving community. The multiple tenancy structure offers a diverse and dynamic atmosphere, attracting a wide range of customers. This is a rare opportunity to establish a presence in a newly constructed, high-traffic location. Interested parties should inquire for further details.

    Property Features for 2925 Madison St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    123,965 SF
    Total Rate
    661146.67

    Unit(s) available at that property

    Space
    Retail 200
    Size
    2,617 SF
    Rate per SF
    $64

    HighLights

    • Retail property totaling 123,965 square feet.
    • One 2,617 square foot retail space available.
    • New mixed‑use development with 82 residential units.
    • Street‑level retail space with elevator access to 70 structured parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market 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
    -122.2940654
    Latitude
    47.6244496

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Space, Madison Park Place
    Where is this retail property located?
    The property is located at 2925 Madison St Seattle, WA.
    What is the lease rate?
    The lease rate is $64 SF/Yr.
    What are key features of this property?
    This property features: Retail property totaling 123,965 square feet.; One 2,617 square foot retail space available.; New mixed-use development with 82 residential units.
    Request Owner's contact information
    2925 Madison St Seattle, WA 98112
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    Seattle, WA 98112
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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
    2925 Madison St Seattle, WA 98112
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