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    209 12Th Ave Seattle, WA 98144

    Sponsored
    For Lease
    $36 SF/Yr

    Seattle retail spaces, prime location.

    Lot size:
    234,505 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional retail opportunity is located at 209 12th Ave S, Seattle, WA 98144, in the vibrant Downtown Seattle submarket, specifically within the Yesler Terrace/First Hill/International District cluster. The property, known as Mason & Main, is a single, ten-story building totaling 234,505 square feet situated on a 47,815 square foot lot. Constructed in 2021, it offers multiple tenancy options with three available spaces ranging from 804 to 2,017 square feet. These spaces are located on the ground floor of a LEED Gold certified, 550-unit residential development, ensuring a substantial and diverse customer base. The building enjoys a prime, signalized intersection at 12th Ave South & Boren Ave, bridging dynamic neighborhoods and benefiting from proximity to Seattle University, Swedish Medical Center, Harborview Medical Center, and key retail and restaurant zones. The location is also conveniently situated on the First Hill Seattle Streetcar line, providing excellent accessibility. The landlord is providing white-box build-outs for the remaining two spaces, with completion expected in late March 2024. This development serves as a gateway to over 2,385 residential units in Yesler Terrace, offering unparalleled access to a large residential population. The King County property (APN 9822000330) presents a unique chance to be part of a significant transformation in this key corridor.

    Property Features for 209 12Th Ave

    General Information

    Property type
    Strip malls
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    234,505 SF
    Total Rate
    703515

    Building Details

    Year Built
    2021
    Buildings
    1
    Stories
    10

    Unit(s) available at that property

    Space
    Retail A
    Size
    1,310 SF
    Rate per SF
    $36
    Space
    Retal D
    Size
    804 SF
    Rate per SF
    $36
    Space
    Retail C
    Size
    2,017 SF
    Rate per SF
    $36

    HighLights

    • Walk Score of 97.
    • Bike Score of 89.
    • Transit Score of 99.
    • LEED Gold Certification.
    Property Profile Location Intelligence

    Current Use by Public Records

    Seattle Community Connect Apartment Rental Agency Blink Charging Station Electric Vehicle Charging Station Mason & Main Apartment Rental Agency

    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
    -122.3173727
    Latitude
    47.6006431

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    FAQs

    What type of property is this?
    Strip mall - Seattle retail spaces, prime location.
    Where is this strip mall located?
    The property is located at 209 12Th Ave Seattle, WA.
    What is the lease rate?
    The lease rate is $36 SF/Yr.
    What are key features of this property?
    This property features: Walk Score of 97.; Bike Score of 89.; Transit Score of 99.
    Request Owner's contact information
    209 12Th Ave Seattle, WA 98144
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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
    209 12Th Ave Seattle, WA 98144
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