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Drexel Bldg 519-521 3rd Ave 1,356 - 2,806 SF of Space Available in Seattle, WA 98104
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 519 | 1,356 SF | Negotiable | $16.90 CAD/SF/YR $1.41 CAD/SF/MO $22,920 CAD/YR $1,910 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 521 | 1,450 SF | Negotiable | $32.74 CAD/SF/YR $2.73 CAD/SF/MO $47,476 CAD/YR $3,956 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 519
Compact, functional ground floor retail space perfect for an up and coming business. Walk to restaurants, art galleries, the waterfront, ferry terminal, King Street Station, mass transit, stadiums, and shopping in just minutes. Ground floor retail space is approximately 1,356 RSF. Drexel Building, 519 3rd Ave Available now Rental rate: $1,400/month plus NNN (estimated at $1,265/month excluding utilities) Please contact Samis Land Co for more information or to arrange a tour: 206-622-3363
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Office
- Fits 1 - 6 People
- 1 Private Office
1st Floor, Ste 521
Built-out restaurant space available on Seattle’s 3rd Avenue, directly across from the King County Courthouse. This 1,450 SF ground floor space features a fully equipped commercial kitchen with a large Type 1 hood, high ceilings, and large wood-framed storefront windows offering strong street visibility. Located near the courthouse and surrounding government offices, the space benefits from steady daytime foot and vehicle traffic. Nearby businesses include restaurants, coffee shops, hotels, and service-oriented offices, providing potential customers for a new restaurant operation. 521 3rd Avenue Available now with 60 days’ notice Rental Rate: $24/SF/year base rent + $14.56/SF/year NNN (estimated), totaling approximately $4,659/month Lease Type: Triple Net (NNN) — tenant responsible for base rent and operating expenses, excluding utilities Please contact Samis Land CO at 206-622-3363 for more information or to arrange a tour.
- Lease rate does not include utilities, property expenses or building services
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 2,806 SF | Total Land Area | 0.15 AC |
| Property Type | Retail | Year Built | 1900 |
| Gross Leasable Area | 19,140 SF |
| Total Space Available | 2,806 SF |
| Property Type | Retail |
| Gross Leasable Area | 19,140 SF |
| Total Land Area | 0.15 AC |
| Year Built | 1900 |
About the Property
The only stick-built building to survive the Seattle Fire, conveniently located across from the Courthouse and next to the Pioneer Square light rail station.
- Signalized Intersection
Nearby Major Retailers
Presented by
Drexel Bldg | 519-521 3rd Ave
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