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    225 Roy St Seattle, WA 98109

    Sponsored
    For Lease
    $35 SF/Yr

    Prime Seattle location, multiple spaces available.

    Lot size:
    4,409 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail and restaurant opportunity is located in the vibrant Uptown district of Seattle, at 225 Roy St, 98109. The property, known as Center Steps, offers two available spaces ranging from 912 to 3,497 square feet, perfect for a variety of businesses. Situated on the ground floor of a 268-unit residential building, this location benefits from high foot traffic and visibility. The surrounding area boasts significant tourist attractions, including the Seattle Center, the Bill and Melinda Gates Foundation, and the newly renovated Climate Pledge Arena, home to the NHL's Seattle Kraken. This translates to an immense potential customer base, with Seattle Center attracting over 10 million visitors annually and Climate Pledge Arena drawing 2.8 million visitors in 2023 alone. On-site, there are 22 public parking stalls available, with an additional 1,300-stall Mercer Garage conveniently located across the street. For incoming tenants, tenant improvement allowances are available to customize the space to meet specific business needs. This is a truly unique opportunity to establish a thriving business in one of Seattle's most dynamic and high-traffic locations. The property is multi-tenant and offers excellent exposure and accessibility.

    Property Features for 225 Roy St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,409 SF

    Unit(s) available at that property

    Space
    222/224 Mercer Street
    Size
    3,497 SF
    Rate per SF
    $40
    Space
    207 Roy Street
    Size
    912 SF
    Rate per SF
    $40
    Property Profile Location Intelligence

    Current Use by Public Records

    Center Steps Apartment Complex

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3514556364
    Latitude
    47.62462953234

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    FAQs

    What type of property is this?
    Restaurant - Prime Seattle location, multiple spaces available.
    Where is this restaurant located?
    The property is located at 225 Roy St Seattle, WA.
    What is the lease rate?
    The lease rate is $40 SF/Yr.
    Request Owner's contact information
    225 Roy St Seattle, WA 98109
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    Seattle, WA 98109
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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
    225 Roy St Seattle, WA 98109
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