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    1218 3Rd Ave Seattle, WA 98101

    Sponsored
    For Lease
    Contact for pricing

    Downtown Seattle Restaurant Opportunity

    Lot size:
    2,533 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 2,533 square foot retail space, located at 1218 3rd Avenue in Seattle's vibrant downtown core, presents a unique investment opportunity. Situated within a historic Class A high-rise office building in King County, Washington, this single-tenant property offers a blank canvas for a discerning restaurateur or retailer. The entire space is currently vacant, providing immediate occupancy for a new business. The property's prime location within the bustling heart of Seattle offers unparalleled visibility and accessibility to a dense population of office workers, residents, and tourists. The "second-generation restaurant space" layout provides a significant advantage, potentially reducing build-out costs and time. The building's Class A designation speaks to its high-quality construction and modern amenities. This is an unparalleled chance to establish a thriving business in one of Seattle's most sought-after locations. The property's zip code is 98101. The property type is classified as Retail and Restaurant, with a Commercial subtype. The total building square footage is 2,533 square feet, and the vacant square footage is also 2,533 square feet. This presents a rare opportunity to secure a significant footprint in a highly desirable area. The property's coordinates are latitude 47.6077559 and longitude -122.3354841.

    Property Features for 1218 3Rd Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,533 SF
    Class
    A

    Unit(s) available at that property

    Space
    Available
    Size
    2,533 SF

    HighLights

    • 2,533 SF retail/restaurant space available for immediate occupancy in Seattle's downtown core (98101).
    • Located in a historic, Class A high‑rise building, offering a second‑generation restaurant space with existing hood system, walk‑ins, and infrastructure.
    • Prime location across from Benaroya Hall, offering high visibility and accessibility to a dense population of office workers, residents, and tourists.
    • Exceptional proximity to numerous high‑quality restaurants, including The Capital Grille, Shuckers, Purple Cafe & Wine Bar, and Pegasus Coffee.
    Property Profile Location Intelligence

    Current Use by Public Records

    Steinway Piano Gallery Piano Store Seattle Phone System, ... Telecommunications Equipment Supplier Ingeniux Software Company American Stock Transfer ... Mover Washington Association of Land ... Non-Profit Organization

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3354841
    Latitude
    47.6077559

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    FAQs

    What type of property is this?
    Restaurant - Downtown Seattle Restaurant Opportunity
    Where is this restaurant located?
    The property is located at 1218 3Rd Ave Seattle, WA.
    What are key features of this property?
    This property features: 2,533 SF retail/restaurant space available for immediate occupancy in Seattle's downtown core (98101).; Located in a historic, Class A high-rise building, offering a second-generation restaurant space with existing hood system, walk-ins, and infrastructure.; Prime location across from Benaroya Hall, offering high visibility and accessibility to a dense population of office workers, residents, and tourists.
    Request Owner's contact information
    1218 3Rd Ave Seattle, WA 98101
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    Seattle, WA 98101
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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
    1218 3Rd Ave Seattle, WA 98101
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