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Restaurant Space in Historic Building
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1218 3rd Ave, Seattle, WA 98101

Second generation restaurant space in downtown Seattle high-rise.

Space Size2,533 SF
Days on Market764

Property Features for 1218 3rd Ave

General Information

Standard status Active
Size 2,533 SF
Class A
Property subtype Retail, Restaurant

Building Details

Building Size 2,533 SF
Tenancy Single

Spaces For Lease

at 1218 3rd Ave Contact us

Available

Size
2,533 SF
Type
Restaurant, Retail
Availability
Active
Contact us
Listing Agency: Kidder Mathews Seattle
Listed By: Jason Miller · License #101904
Source: Crexi
Added: Jul 10, 2024 Changed: Aug 8 Last Checked: Aug 12 at 8:23AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kidder Mathews Seattle

Investment Insights

Based on property information with market context.

This property offers 2,533 rentable square feet of second-generation restaurant space. It is located within a historic Class A high-rise office building in downtown Seattle.

Key Highlights

  • 2,533 RSF of restaurant space
  • Second generation restaurant space
  • Located in Seattle’s historic Class A high‑rise office building

Property Analytics

Current Use

Steinway Piano Gallery (Bike/Boat/Book/etc) Store Seattle Phone System, ... Electronics & Wireless Store Ingeniux (Bike/Boat/Book/etc) Store American Stock Transfer ... Moving Company Washington Association of Land ... Charitable Organization

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Building Supply Veterinary Clinic Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$5.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

20,199
Businesses Nearby
Under-served
Demand for This Use

Demographics for 98101, WA

16,237
Population
13,193
Households
1.2
Avg Household Size
36
Median Age
71%
College-Educated
96%
High-School Grad
0.5 sq mi
ZIP Area
32,474
Density / Sq Mi
$128,143
Median Household Income
$106,620
Median Earnings
$2,476
Median Rent
$741,400
Median Home Value

Market

Lease Benchmarks for Seattle, WA

$38.03 /SF/Yr
Avg Asking Price
$27–$51.55 /SF/Yr
Price Range
5,163 SF
Avg Space Size

This space is priced 8% below the average of $38.03 /SF/Yr.

Vacancy Rate% for Retail in Seattle, WA

4.5% 2019
4.4% 2020
3.9% 2021
3.6% 2022
3.8% 2023
4.7% 2024
5.7% 2025
Rey
Questions? Ask Rey
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Similar Off Market Nearby

  • Baked in Bosnia 501 2nd Ave W #100, Seattle, WA 98119
  • Mc B's 511 2nd ave w, seattle, wa 98119
  • Foodz Catering 301 Queen Anne Ave N, Seattle, WA 98109
  • catering 351 elliott ave w, seattle, wa 98119
  • Hurry Curry of Tokyo - South Lake Union 825 Harrison St, Seattle, WA 98109

Frequently Asked Questions

What type of property is this?
Restaurant - Second generation restaurant space in downtown Seattle high-rise.
Where is this restaurant located?
The property is located at 1218 3rd Ave Seattle, WA.
What is the lease rate?
The lease rate is $35 SF/Yr.
What are key features of this property?
This property features: 2,533 RSF of restaurant space; Second generation restaurant space; Located in Seattle’s historic Class A high‑rise office building
More about this property
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