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    954 Union St Seattle, WA 98122

    For Lease
    $36 SF/Yr

    Seattle Capitol Hill Retail Opportunity

    Lot size:
    103,490 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional retail or restaurant space, located within the vibrant Evolve Apartments complex in Seattle's Capitol Hill submarket, presents a unique investment opportunity. Situated at 954 E Union St, this ground-floor space offers 1,230 to 2,974 square feet of versatile commercial area, divisible to 1,744 square feet. The property, built in 2013, is part of a larger 79-unit apartment building on a 0.43-acre lot, ensuring high foot traffic and visibility. The space features attractive storefront windows, concrete floors, and exposed ceilings, creating a modern and appealing aesthetic. The zoning is NC3P-75(M) within King County, WA, 98122. The location is highly desirable, near Seattle Central College and Seattle University, and directly across Broadway from Stoup Brewing. The space is well-suited for a variety of retail or restaurant concepts, and the potential for installing a horizontal type 1 hood with a scrubber is available. Furthermore, secure garage parking for 4-5 employee vehicles is included. The building boasts a total of 103,490 square feet and 84 total suites. This prime location and adaptable space offer significant potential for a thriving business. Contact us today to learn more about this exciting opportunity.

    Property Features for 954 Union St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    103,490 SF
    Total Rate
    310470

    Building Details

    Year Built
    2013

    Unit(s) available at that property

    Space
    Suites 102 & 104
    Size
    2,974 SF
    Rate per SF
    $36

    HighLights

    • 1,230‑2,974 SF divisible retail/restaurant space in Seattle's Capitol Hill submarket.
    • Ground floor space in a 79‑unit apartment building (103,490 SF total) built in 2013.
    • High visibility location at 954 E Union St, near Seattle Central College and Seattle University.
    • Modern finishes including storefront windows, concrete floors, and exposed ceilings.
    • Potential for a Type 1 hood with scrubber and secure parking for 4‑5 employees.
    • 100 Walk Score.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Betsutenjin Ramen Ramen Restaurant Evolve Apartments Apartment Building Gokan Sushi & Katsu Sushi Restaurant

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Daycare Center Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3197543
    Latitude
    47.6130524

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    FAQs

    What type of property is this?
    Restaurant - Seattle Capitol Hill Retail Opportunity
    Where is this restaurant located?
    The property is located at 954 Union St Seattle, WA.
    What is the lease rate?
    The lease rate is $36 SF/Yr.
    What are key features of this property?
    This property features: 1,230-2,974 SF divisible retail/restaurant space in Seattle's Capitol Hill submarket.; Ground floor space in a 79-unit apartment building (103,490 SF total) built in 2013.; High visibility location at 954 E Union St, near Seattle Central College and Seattle University.
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    954 Union St Seattle, WA 98122
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    Seattle, WA 98122
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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
    954 Union St Seattle, WA 98122
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