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    219 1St Ave Seattle, WA 98104

    For Lease
    $28 SF/Yr

    Prime Seattle location, flexible suites available

    Lot size:
    33,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional commercial property, located at 219 1st Ave S in Seattle, WA 98104, offers a unique blend of executive, commercial, and creative office spaces, along with restaurant potential. The building, a four-story Class B structure built in 1900 and renovated in 1987, boasts a total of 33,300 square feet situated on a 0.15-acre lot. Currently, 7,325 square feet of space is available for lease, with flexible suite sizes ranging from a minimum of 678 square feet to a maximum contiguous space of 2,500 square feet. The building is conveniently located near Main St. and is zoned PSM-100. Amenities include one elevator for easy access to all four floors. This versatile property is ideal for businesses seeking a blend of historical charm and modern functionality in a vibrant Seattle neighborhood. The multiple tenancy option provides flexibility for various business needs. King County location offers easy access to major transportation routes and a thriving business community. This is a rare opportunity to secure office space in a highly desirable area of Seattle.

    Property Features for 219 1St Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    33,300 SF
    Class
    B
    Total Rate
    77700

    Building Details

    Year Built/Renovated
    1900/1987
    Stories
    4

    Unit(s) available at that property

    Space
    Suite 405
    Size
    1,369 SF
    Rate per SF
    $28
    Space
    Suite 310
    Size
    1,310 SF
    Rate per SF
    $29
    Space
    Suite 300
    Size
    1,274 SF
    Rate per SF
    $28
    Space
    Suite 410
    Size
    1,697 SF
    Rate per SF
    $28
    Space
    Suite 315
    Size
    1,224 SF
    Rate per SF
    $30
    Space
    Suite 401
    Size
    678 SF
    Rate per SF
    $28
    Space
    Suite 420
    Size
    1,307 SF
    Rate per SF
    $29

    HighLights

    • 219 1st Ave S, Seattle, WA 98104: 33,300 SF, 4‑story Class B building (1900, renovated 1987) on a 0.15‑acre lot. 7,325 SF available for lease, suites from 678 SF to 2,500 SF contiguous. PSM‑100 zoning.
    • Corner retail space with high ceilings, HVAC, brick walls, $7.50 CAM.
    • Small, affordable offices available.
    • Open‑plan office with arched windows and abundant natural light.
    • Four large private offices, storage room, and reception area.
    • Three large office areas plus reception area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    La Sala-Kimmel Shawn Massage Therapist Little Rhino Website Designer Orbit Audio Recording Studio Seattle Recording Arts Music College Northwest Podcast Recording Studio

    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
    -122.33416264721
    Latitude
    47.60016319168

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    FAQs

    What type of property is this?
    Restaurant - Prime Seattle location, flexible suites available
    Where is this restaurant located?
    The property is located at 219 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: 219 1st Ave S, Seattle, WA 98104: 33,300 SF, 4-story Class B building (1900, renovated 1987) on a 0.15-acre lot. 7,325 SF available for lease, suites from 678 SF to 2,500 SF contiguous. PSM-100 zoning.; Corner retail space with high ceilings, HVAC, brick walls, $7.50 CAM.; Small, affordable offices available.
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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
    219 1St Ave Seattle, WA 98104
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