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  1. Commercial Properties
  2. WA
  3. Seattle
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For Sale

Interbay Retail Center

1600 W Armory Way, Seattle, WA 98119

Introducing a prime investment opportunity at 1600 W Armory Way, a ±100,000 SF large-format retail center located in Seattle’s highly desirable Interbay submarket. Constructed between 2016 and 2019, the property is 100% leased to nationally recognized retail and service tenants and offers investors durable in-place cash flow complemented by long-term flexibility through excess land and a multi-parcel configuration. Positioned within a supply-constrained urban infill location less than five miles from Downtown Seattle, the asset benefits from strong access, high-income demographics, and embedded optionality for future strategic value creation.

Key features

  • 100% leased to nationally recognized, credit retail and service tenants including Michaels, HomeGoods, Total Wine, Bright Horizons, and ZoomCare
  • 4.2-year weighted average lease term (WALT) with substantial embedded renewal optionality
  • Approximately 15 years of remaining renewal options across Michaels, HomeGoods, and Total Wine
  • Approximately 8 years of remaining lease term on Bright Horizons, a leading early-education operator
  • Core Seattle infill location less than 5 miles from Downtown Seattle, with immediate access to SR-99 and I-5
  • Dense, high-income trade area with approximately 216,000 residents within a 3-mile radius
  • Modern construction (2016–2019) with limited near-term capital expenditure requirements
  • Six-parcel configuration offering long-term flexibility and strategic site control
  • Two vacant parcels totaling approximately 1.81 acres, providing future development, parcelization, or excess-land monetization optionality
  • ZoomCare exercised its 5-year renewal option in 2025
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

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Contacts

broker
Ariel Mizrahi

SVN | Cornerstone

Building Details

  • For Sale Subject To Offer
  • Property Type Retail - Power Center
  • Property Size 98,976 SF
  • Lot Size 7.7 Acre
  • Parking Spaces Avail. 425
  • Parking Ratio 4.29 / 1,000 SF
  • Year Built 2016
  • Date Updated May 16, 2026

Attachments

  • Property Brochure 1 ()opens in new window

Getting Around

  • Walk Score ®

    Very Walkable (75)
  • Transit Score ®

    Good Transit (53)
  • Bike Score ®

    Biker's Paradise (97)
Powered by Walk Score ®

Location

  • City Seattle, WA
  • Zip Code 98119
  • Market Seattle
  • Map
  • Street

Points of Interest

Terry & Mercer

2.20 miles

Westlake & Thomas

2.22 miles

Fairview & Campus Drive

2.27 miles

Terry & Thomas

2.27 miles

Westlake & 9th-Denny

2.37 miles

Westlake And 7th

2.53 miles

Westlake Hub

2.64 miles

3rd Avenue & Pine Street

2.71 miles

5th Avenue

2.72 miles

76

0.55 miles

ARCO

0.63 miles

Magnolia Chevron

1.07 miles

Shell

1.10 miles

Magnolia 76

1.15 miles

7-Eleven

1.33 miles

Electrify America

1.37 miles

Blink

1.42 miles

Volta

1.46 miles

Smith Cove Cruise Terminal Parking

0.59 miles

Cell Phone Lot

0.63 miles

Diamond Parking

0.76 miles

Dravus Lot

0.88 miles

Elliott Bay Marina Parking Lot

0.93 miles

Diamond

0.96 miles

Ross Lot

1.03 miles

Alumni Center Lot

1.05 miles

Ken's Market

0.59 miles

QFC

0.64 miles

Trader Joe's

0.99 miles

Albertsons

0.99 miles

PCC

1.39 miles

Fred Meyer

1.43 miles

Safeway

1.47 miles

Metropolitan Market

1.48 miles

Ross

1.55 miles

1600 W Armory Way Listing Summary

  • What is the asking price at Interbay Retail Center?

    The asking price for Interbay Retail Center is currently available on demand. Contact the listing broker for details.

  • What is the total size of Interbay Retail Center?

    Interbay Retail Center has a total of 98,976 square feet.

  • What is the year built for Interbay Retail Center?

    The year built for Interbay Retail Center is 2016.

Contact Listing Broker
broker
Ariel Mizrahi

SVN | Cornerstone

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