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    508 Broadway Seattle, WA 98122

    For Lease
    $38 SF/Yr ($4,351 /Mo)

    Broadway Retail - Two Spaces Available

    Lot size:
    1,374 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional retail property at 508 Broadway in Seattle, Washington, offers two available spaces ideal for a variety of businesses. Located in King County, zip code 98122, this property boasts a total of 1,374 square feet, currently entirely vacant and ready for immediate occupancy. Each space is independently leasable, with a minimum divisible size of 650 square feet and a maximum contiguous space of 724 square feet. The property is classified as commercial retail with multiple tenancy options. Its prime location on Broadway in Seattle offers excellent visibility and accessibility for customers. The property's address is 508 Broadway, Seattle, WA 98122, and its coordinates are 47.6065069 latitude and -122.3205777 longitude. This presents a unique opportunity for businesses seeking a high-traffic location in a thriving Seattle neighborhood. The flexible space options allow for customization to suit individual business needs. Serious inquiries are encouraged to explore the possibilities of establishing a presence in this desirable retail location. The property is currently available for lease.

    Property Features for 508 Broadway

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,374 SF
    Total Rate
    4351

    Unit(s) available at that property

    Space
    Corner
    Size
    724 SF
    Rate per SF
    $40
    Space
    Inline
    Size
    650 SF
    Rate per SF
    $40

    HighLights

    • New retail space available at the base of Cityscape apartments on Broadway.
    • New construction retail space with tenant improvement allowance.
    • 650 SF inline space available.
    • 724 SF corner space available.
    • $38‑40/SF/YR Modified Gross rent (utilities separately metered).
    • Excellent location near Seattle University and Swedish Hospital.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Arena Place Of Worship

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop 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
    -122.3205777
    Latitude
    47.6065069

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    FAQs

    What type of property is this?
    Retail property - Broadway Retail - Two Spaces Available
    Where is this retail property located?
    The property is located at 508 Broadway Seattle, WA.
    What is the lease rate?
    The lease rate is $40 SF/Yr.
    What are key features of this property?
    This property features: New retail space available at the base of Cityscape apartments on Broadway.; New construction retail space with tenant improvement allowance.; 650 SF inline space available.
    Request Owner's contact information
    508 Broadway 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
    508 Broadway Seattle, WA 98122
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