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Prime Retail Space in Seattle
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209 12th Ave S, Seattle, WA 98144

6,800 SF retail space in new residential project.

Space Size804 SF - 2,017 SF
Property Size234,505 SF
Days on Market1853

Property Features for 209 12th Ave S

General Information

Standard status Active
Size 804 SF - 2,017 SF
Property subtype Retail, Restaurant
Lease Type NNN

Building Details

Building Size 234,505 SF
Year Built 2021
Tenancy Multiple

Spaces For Lease

at 209 12th Ave S Contact us

Retail A

Size
1,310 SF
Availability
Active
Contact us

Retail C

Size
2,017 SF
Availability
Active
Contact us

Retal D

Size
804 SF
Availability
Active
Contact us
Listing Agency: West Coast Commercial Realty
Listed By: Tiffini (Connell) Cox · License #WA 18739
Source: Crexi
Added: Aug 12, 2021 Changed: Sep 7 Last Checked: Sep 7 at 2:51AM

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 West Coast Commercial Realty

Investment Insights

Based on property information with market context.

This is a 6,800 SF retail space located on the ground floor of a new, LEED Gold certified 550-unit residential project. It is situated at the signalized intersection of 12th Ave South and Boren Ave, bridging the First Hill and Yesler Terrace neighborhoods with the International District and the Jackson corridor. The location offers a unique opportunity for a retailer to be part of a significant transformation of this key corridor. The new community aims to elevate and enhance surrounding neighborhoods, while honoring the diversity, identity, and history of Seattle's urban enclaves. Located on the First Hill Seattle Streetcar line, the property is near Seattle University, Swedish Medical Center, Harborview Medical Center, and key urban retail and restaurant zones. This provides retailers with a diverse customer base of medical employees, students, and active urban residents from the surrounding dense neighborhoods. It serves as a gateway to over 2,385 residential units in Yesler Terrace.

Key Highlights

  • Prime retail space offering 6,800 SF in a new, LEED Gold certified residential building with 550 units.
  • Located at the signalized intersection of 12th Ave South & Boren Ave, bridging First Hill, Yesler Terrace, and the International District.
  • Situated on the First Hill Seattle Streetcar line.

Property Analytics

Current Use

Seattle Community Connect Real Estate Agency Blink Charging Station Electric Vehicle Charging Station Mason & Main Real Estate Agency

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Mobile Phone Store Butcher Electrical Service Tanning Salon HVAC Service

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
$5.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

6,221
Businesses Nearby

Demographics for 98144, WA

32,178
Population
16,381
Households
2
Avg Household Size
38
Median Age
62%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
9,464
Density / Sq Mi
$94,051
Median Household Income
$65,078
Median Earnings
$1,805
Median Rent
$890,400
Median Home Value

Market

Lease Benchmarks for Seattle, WA

$29.74 /SF/Yr
Avg Asking Price
$12–$53 /SF/Yr
Price Range
5,328 SF
Avg Space Size

This space is priced 21% above the average of $29.74 /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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Frequently Asked Questions

What type of property is this?
Retail space - 6,800 SF retail space in new residential project.
Where is this retail space located?
The property is located at 209 12th Ave S Seattle, WA.
What is the lease rate?
The lease rate is $36 SF/Yr.
What are key features of this property?
This property features: Prime retail space offering 6,800 SF in a new, LEED Gold certified residential building with 550 units.; Located at the signalized intersection of 12th Ave South & Boren Ave, bridging First Hill, Yesler Terrace, and the International District.; Situated on the First Hill Seattle Streetcar line.
(206) 854-1925 Call to check price and availability
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