601 2nd Ave Seattle, WA 98104-2203
This exceptional retail space, part of the iconic Butler Garage in Downtown Seattle's Pioneer Square submarket, offers 1,192 square feet of ground floor commercial area. Located at the corner of Second Avenue and James Street, this property benefits from high foot traffic and proximity to major attractions. The building itself boasts a total of 149,040 square feet across one 12-story building, providing ample space for various uses. The property sits on a 0.29-acre lot and includes 460 parking spaces, a significant advantage in a bustling urban setting. The PSM zoning allows for a variety of retail and restaurant uses. Neighboring businesses include established and popular establishments such as Gary Manuel Salon, The Works, TAT's Delicatessen, and Bill Speidel's Underground Tour, creating a vibrant and synergistic commercial environment. The location is highly desirable, just blocks from the Seattle waterfront and one block from the Smith Tower, a landmark attracting over 80,000 unique visitors annually to its observatory. This presents a unique opportunity to establish a business within a thriving and historically significant neighborhood in King County. The property is currently configured for multiple tenants, offering flexibility for potential lease arrangements. This is a rare chance to secure a retail space in one of Seattle's most sought-after locations.
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Hill's Barber Shop Barber Shop
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Thai Star Restaurant
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Fusion Bistro Indian Cuisine Restaurant
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Insight Therapy Center Corporate Office
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
PSM 100/100-130 · Seattle, WACosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.