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    615 2Nd Ave Seattle, WA 98104

    For Lease
    $28 SF/Yr

    Prime Pioneer Square location, 2,169 sq ft available

    Lot size:
    86,947 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This 7-story, 86,947 sq ft Class B building, constructed in 1898 and renovated in 1986, offers a unique retail opportunity in Seattle's vibrant Pioneer Square submarket. Situated on a 0.3-acre lot at the corner of 2nd Avenue and Cherry Street, this multi-tenant property enjoys a high-traffic location at the intersection of Pioneer Square, the Central Business District, and the Seattle waterfront. The space is a second-generation cafe space, ideally suited for an all-day operator seeking to capitalize on the area's bustling atmosphere and proximity to major attractions like the Smith Tower, Seattle Ferry, and Water Taxi terminal. The surrounding area boasts a thriving cultural scene with numerous established restaurants and bars. This prime corner location offers exceptional visibility and accessibility, making it an ideal space for a business seeking to establish a strong presence in the heart of Seattle. The building itself is a single structure.

    Property Features for 615 2Nd Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    86,947 SF
    Class
    B
    Total Rate
    202876.33

    Building Details

    Year Built/Renovated
    1898/1986
    Buildings
    1
    Stories
    7

    Unit(s) available at that property

    Space
    Corner Retail/ 2nd Gen Restaurant
    Size
    2,169 SF
    Rate per SF
    $28

    HighLights

    • 7‑story, 86,947 sq ft Class B building in Seattle's Pioneer Square.
    • Built in 1898, renovated in 1986.
    • 0.3‑acre corner lot at 2nd Ave & Cherry St, high traffic location.
    • Second‑generation cafe space, ideal for all‑day operator.
    • Excellent visibility and accessibility near Smith Tower, Seattle Ferry, and Water Taxi.
    Property Profile Location Intelligence

    Current Use by Public Records

    Broderick Building Historical Landmark Premise Data Corporation Software Company De Voe William ... Attorney Washington Immigration Defense Immigration & Naturalization Service Northwest Immigrant Rights ... Social Services Organization

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Dental Office Clothing Store Food Market Daycare Center 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
    -122.33315632491
    Latitude
    47.602987152076

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    FAQs

    What type of property is this?
    Restaurant - Prime Pioneer Square location, 2,169 sq ft available
    Where is this restaurant located?
    The property is located at 615 2Nd Ave Seattle, WA.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: 7-story, 86,947 sq ft Class B building in Seattle's Pioneer Square.; Built in 1898, renovated in 1986.; 0.3-acre corner lot at 2nd Ave & Cherry St, high traffic location.
    Request Owner's contact information
    615 2Nd Ave Seattle, WA 98104
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    Seattle, WA 98104
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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
    615 2Nd Ave Seattle, WA 98104
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