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    313 1St Ave Seattle, WA 98104

    For Lease
    $28 SF/Yr

    Prime retail, two suites available, flexible space.

    Lot size:
    4,119 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional retail opportunity is located in the vibrant Pioneer Square neighborhood of Seattle, Washington, at 313 1st Ave S, zip code 98104. The property, known as the Crown Hotel Building, offers two available retail spaces totaling 2,014 to 2,105 square feet. These spaces are adaptable and can be combined to create a larger, more expansive retail footprint. Each suite includes mezzanine space, which is factored into the total square footage. Currently, neither space features a hood shaft. Individual rental rates apply to each suite, with separate pricing for a combined lease. The property is situated in King County and benefits from a favorable tax rate of $9.67 per square foot. This location provides excellent visibility and access to a high volume of foot traffic, making it an ideal space for a variety of retail businesses. The building's prime location within Pioneer Square offers a unique blend of historical charm and modern amenities, creating a desirable environment for both businesses and customers. This is a rare opportunity to secure a prominent retail presence in one of Seattle's most dynamic and sought-after neighborhoods.

    Property Features for 313 1St Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,119 SF

    Unit(s) available at that property

    Space
    Suite A
    Size
    2,014 SF
    Rate per SF
    $30
    Space
    Suite B
    Size
    2,105 SF
    Rate per SF
    $28

    HighLights

    • Exceptional retail opportunity in Seattle's Pioneer Square neighborhood (313 1st Ave S, 98104).
    • Two retail spaces available, totaling 2,014‑2,105 square feet, combinable for larger footprint.
    • Each suite includes mezzanine space; no existing hood shafts.
    • Individual and combined lease rates available; favorable tax rate of $9.67 PSF.
    • High foot traffic and excellent visibility in a desirable, historic location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Counter Culture Coffee Training Centre

    Suggested Use

    Realty agency Spa & Massage Hair Salon Dental Office Restaurant Nail Salon Building Supply Daycare Center Gym & Fitness 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
    -122.3342388894
    Latitude
    47.599604046158

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    FAQs

    What type of property is this?
    Retail property - Prime retail, two suites available, flexible space.
    Where is this retail property located?
    The property is located at 313 1St Ave Seattle, WA.
    What is the lease rate?
    The lease rate is $28-$30 SF/Yr.
    What are key features of this property?
    This property features: Exceptional retail opportunity in Seattle's Pioneer Square neighborhood (313 1st Ave S, 98104).; Two retail spaces available, totaling 2,014-2,105 square feet, combinable for larger footprint.; Each suite includes mezzanine space; no existing hood shafts.
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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
    313 1St Ave Seattle, WA 98104
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