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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

615 2Nd Ave Seattle, WA 98104

86,947 SF Built 1898
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Year built 1898
Total area 86,947 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Broderick Building Tour Operator
  • Premise Data Corporation (Bike/Boat/Book/etc) Store Corporate Office
  • De Voe William D Law Firm
  • Washington Immigration Defense Immigration & Naturalization Service
  • Northwest Immigrant Rights Project Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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