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    1112 Martin Luther King Jr Way Seattle, WA 98122

    For Lease
    $7 SF/Yr

    High-traffic Seattle location, ideal for retail.

    Lot size:
    11,158 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 11,158 square foot commercial lot is available for lease in Seattle's vibrant Central District. Situated on the corner of Martin Luther King Jr. Way and E. Spring Street, this property boasts a prime location with high visibility and accessibility. The lot benefits from a Walk Score of 88, indicating excellent pedestrian access and a thriving neighborhood. Adjacent to a Grocery Outlet, this location offers a natural draw for customers. Daily traffic counts on MLK Jr. Way exceed 8,100 vehicles, ensuring significant exposure for any business. The property is zoned NC2-55(M) and is currently vacant, with an existing building slated for demolition prior to lease commencement. Utilities are available on-site, including electricity, and a restroom is also provided. An optional approximately 300 square foot office trailer may be available upon request. The lot is completely fenced, offering security and defined boundaries. King County APN is 1189000469. This is a rare opportunity to secure a highly visible and well-located commercial lot in a rapidly developing area of Seattle. The property's size, location, and zoning make it suitable for a variety of retail or commercial uses. Don't miss this chance to establish your business in a thriving community.

    Property Features for 1112 Martin Luther King Jr Way

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,158 SF

    Unit(s) available at that property

    Space
    Size
    11,158 SF
    Rate per SF
    $7

    HighLights

    • 11,158 SF commercial lot available for lease in Seattle's Central District.
    • Prime corner location at Martin Luther King Jr. Way & E. Spring Street with high visibility and 88 Walk Score.
    • Adjacent to Grocery Outlet, with over 8,100 daily vehicle counts on MLK Jr. Way.
    • NC2‑55(M) zoning; vacant lot, existing building to be demolished; utilities available; restroom on‑site; optional 300 SF office trailer.
    • Fully fenced; King County APN 1189000469.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.2958381
    Latitude
    47.6120024

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    FAQs

    What type of property is this?
    Retail property - High-traffic Seattle location, ideal for retail.
    Where is this retail property located?
    The property is located at 1112 Martin Luther King Jr Way Seattle, WA.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: 11,158 SF commercial lot available for lease in Seattle's Central District.; Prime corner location at Martin Luther King Jr. Way & E. Spring Street with high visibility and 88 Walk Score.; Adjacent to Grocery Outlet, with over 8,100 daily vehicle counts on MLK Jr. Way.
    Request Owner's contact information
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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
    1112 Martin Luther King Jr Way Seattle, WA 98122
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