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    1St Ave Seattle, WA 98109

    For Lease
    Contact for pricing

    Seattle retail space, prime location, ample parking.

    Lot size:
    81,053 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    Queen Anne Marketplace, a premier Seattle shopping center at Mercer St. & 1st Ave (98109), offers exceptional retail opportunities. This King County property boasts 81,053 total square feet, with 20,203 square feet currently vacant. Spaces range from a minimum of 634 square feet to a maximum contiguous space of 19,569 square feet, providing flexibility for various business needs. The center features 74 parking spaces, a significant advantage in this high-demand area. Anchored by Metropolitan Market and Bartell Drugs, Queen Anne Marketplace benefits from strong, high-performing tenants and enjoys a strategic location within the affluent Queen Anne neighborhood, close to South Lake Union and downtown Seattle. The property's 3-mile demographic boasts a dense, highly educated population. Its proximity to Seattle Center, Amazon.com Headquarters, and the Gates Foundation further enhances its desirability. This is a rare opportunity to secure retail space in one of Queen Anne's most sought-after shopping centers, offering free parking and a vibrant, established customer base. The property is classified as a shopping center and is a multi-tenant building.

    Property Features for 0 1St Ave

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    81,053 SF

    Unit(s) available at that property

    Space
    Suite 5
    Size
    19,569 SF

    HighLights

    • 81,053 square feet of gross leasable area (GLA)
    • 74 parking spaces
    • Located in the Seattle‑Tacoma‑Bellevue, WA MSA
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.354575
    Latitude
    47.624873

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    FAQs

    What type of property is this?
    Lifestyle center - Seattle retail space, prime location, ample parking.
    Where is this lifestyle center located?
    The property is located at 1St Ave Seattle, WA.
    What are key features of this property?
    This property features: 81,053 square feet of gross leasable area (GLA); 74 parking spaces; Located in the Seattle-Tacoma-Bellevue, WA MSA
    Request Owner's contact information
    1St Ave 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
    1St Ave Seattle, WA 98109
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