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Nord Building 314 1st Ave S 3,400 SF of Retail Space Available in Seattle, WA 98104
Highlights
- Heavy day-time foot-traffic
- High density of businesses and mixed-use spaces
- Historic 1900 brick building, renovated in 1982, spanning three stories
- Historic building charm
- Lots of natural light
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Basement, Ste 003 | 3,400 SF | Negotiable | $10.00 /SF/YR $0.83 /SF/MO $34,000 /YR $2,833 /MO | Triple Net (NNN) |
Basement, Ste 003
Nord Building – Basement Suite 003: Your Pioneer Square Retail Opportunity Discover an exceptional retail opportunity in one of Seattle's most dynamic and culturally rich neighborhoods. This 3,400-square-foot basement suite at the Nord Building offers the rare combination of affordable rent, distinctive character, and an unbeatable Pioneer Square address that puts you at the center of the action. A Space with Distinctive Character The exposed timber beam ceilings and warm brick archways in this space create an inviting, gallery-like atmosphere that retail customers remember. Natural light filters through thoughtfully designed spaces, while the open floor plan provides flexibility to configure your retail concept exactly as you envision it. The partial build-out gives you a head start, with infrastructure ready to customize to your brand's unique identity. This isn't sterile big-box retail – this is a space where your products can shine against a backdrop of authentic Seattle character. Location That Drives Foot Traffic Step outside and you're immediately surrounded by the energy that makes Pioneer Square Seattle's most compelling retail district. Within walking distance, your neighbors include Kinesia Pilates, Locus Wines, The Pastry Project, Salumi Sandwiches, and Zeitgeist Coffee – a curated mix of local businesses that draw discerning customers who appreciate quality and authenticity. The neighborhood sits on major pedestrian corridors connecting Chinatown/International District to the Seattle Waterfront, positioning you directly in the path of both neighborhood regulars and destination visitors. Built for Retail Success At $20 per square foot annually, this suite delivers exceptional value in a premium location. Triple net lease structure provides cost predictability, while the building's 24/7 secure access means you can stock inventory, prepare displays, or work on your schedule. The surrounding Pioneer Square ecosystem – with its galleries, restaurants, specialty shops, and historic landmarks – creates natural synergies that drive customer discovery and repeat visits. The Right Address for the Right Business Whether you're launching a boutique concept, specialty food retail, gallery space, or experiential retail venture, this basement suite offers the visibility, character, and affordability that emerging and established brands need to thrive. Pioneer Square customers actively seek out independent retailers with personality – and this space delivers the authentic setting your brand deserves.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Space is in Excellent Condition
- Private Restrooms
- Wi-Fi Connectivity
- Basement
- Shared Kitchen
- 24/7 Secure Entry
- Upper levels: private offices & coworking spaces
- High Speed Internet
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 | 3,400 SF | Gross Leasable Area | 8,200 SF |
| Property Type | Retail | Year Built/Renovated | 1900/1982 |
| Property Subtype | Storefront Retail/Office |
| Total Space Available | 3,400 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 8,200 SF |
| Year Built/Renovated | 1900/1982 |
About the Property
The Nord Building – Strategic Location, Historic Distinction Positioned at 314 1st Avenue South in Pioneer Square, the Nord Building delivers a compelling value proposition for businesses seeking a prestigious Seattle address with tangible operational advantages. This three-story commercial property, constructed in 1900 and professionally renovated in 1982, combines architectural distinction with contemporary business infrastructure. Ground-floor spaces feature expansive street-facing windows that maximize visibility and customer engagement – a strategic asset for retail operations, food service establishments, or client-facing businesses requiring strong foot traffic conversion. Upper-level office suites and coworking environments provide efficient, professional workspaces equipped with enterprise-grade internet connectivity, shared kitchen facilities, and 24/7 secure building access to support flexible business operations. The property's Pioneer Square location offers significant competitive advantages: proximity to a concentrated mix of commercial, dining, and professional services; superior public transportation access including multiple transit lines; and high walkability scores that facilitate client meetings and employee commutes. The surrounding business ecosystem includes established corporate tenants, legal and professional services firms, and a robust dining and hospitality sector. PSM-100 zoning provides operational flexibility for diverse business applications. Building management is handled by AGM Real Estate Group LLC, offering institutional-grade tenant services including digital payment processing, systematic maintenance protocols, and centralized communications infrastructure to minimize administrative burden. The Nord Building represents a strategic real estate decision: proven location performance, maintained historic assets, and professional building operations supporting long-term business objectives.
- Air Conditioning
Nearby Major Retailers
Contact the Leasing Agent
Nord Building | 314 1st Ave S