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    401 2Nd Ave Seattle, WA 98104

    For Lease
    $27 SF/Yr

    Seattle Pioneer Square Office Suites

    Lot size:
    149,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    Located in Seattle's vibrant Pioneer Square Historic District, Court in the Square at 400 2nd Ave S offers exceptional office space. This seven-story building boasts a distinctive, open-air glass atrium with retractable skylights, connecting two buildings and creating a unique atmosphere. Available office suites range from approximately 2,228 to 10,600 rentable square feet, featuring high ceilings with exposed ductwork and suspended lighting, and large windows offering abundant natural light and city views. Additional storage space is available for lease. First-floor retail and restaurant spaces are also available, showcasing contemporary finishes, high ceilings, and excellent street frontage. Building amenities include on-site storage, a property management and maintenance team, and a shared conference room. The building's central location provides easy access to a variety of retail, dining, and lodging options, as well as major freeways (I-5, I-90, and SR 99), King Street Station, and public transportation including Metro bus routes, Sounder train, and Link light rail. This is a prime opportunity to secure office space in a landmark Seattle building. The total building size is 149,800 square feet, with multiple tenancies available.

    Property Features for 401 2Nd Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    149,800 SF
    Total Rate
    337050

    Unit(s) available at that property

    Space
    Suite 150
    Size
    2,228 SF
    Rate per SF
    $27
    Space
    Suite 201
    Size
    10,600 SF
    Rate per SF
    $32

    HighLights

    • Prime location north of Lumen Field in a vibrant, historic neighborhood with convenient freeway (I‑5, I‑90, SR 99) and public transit access.
    • Modern office space offering on‑site management and storage.
    • Walkable location near diverse dining, shopping, and entertainment options.
    • Excellent access to major freeways (I‑5, I‑90, SR 99) and public transportation.
    • Available office and retail space featuring high ceilings, contemporary finishes, and open floor plans.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    KMM Strategies Business Management Consultant Yapta, Inc. Travel Agency Northwest Justice Project Attorney Europa Events Wedding Venue SOCOTEC Consultant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3319995
    Latitude
    47.5987419

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    FAQs

    What type of property is this?
    Office Property / Space - Seattle Pioneer Square Office Suites
    Where is this office property / space located?
    The property is located at 401 2Nd Ave Seattle, WA.
    What is the lease rate?
    The lease rate is $27-$32 SF/Yr.
    What are key features of this property?
    This property features: Prime location north of Lumen Field in a vibrant, historic neighborhood with convenient freeway (I-5, I-90, SR 99) and public transit access.; Modern office space offering on-site management and storage.; Walkable location near diverse dining, shopping, and entertainment options.
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    401 2Nd Ave 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
    401 2Nd Ave Seattle, WA 98104
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