Interbay Retail Center

For Sale

1600 W Armory Way, Seattle, WA 98119

This Seattle property for sale is located at 1600 W Armory Way. Contact the listing broker for details on the current sale price for Interbay Retail Center. Interbay Retail Center is situated on a lot that is 7.7 acre in size.

Contacts

Ariel Mizrahi

SVN | Cornerstone

Property Details

  • 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
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.
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Highlights

  • 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

Attachments

Getting around

  • 75/100

    Walk Score ®

  • 53/100

    Transit Score ®

  • 97/100

    Bike Score ®

Powered by Walk Score ®

Location

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

Points of Interest

  • Westlake & Mercer

    2.11 miles

  • 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

  • Chevron

    0.32 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

  • Seattle CruisePark

    0.15 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

  • Chipotle

    0.33 miles

  • Subway

    0.33 miles

  • Tenth West

    0.42 miles

  • Americano

    0.43 miles

  • Time 4 Pho

    0.43 miles

  • Malena's Taco Shop

    0.52 miles

  • Red Mill

    0.55 miles

  • Tuk Tuk Thai

    0.56 miles

  • Yasuko's Teriyaki

    0.58 miles

  • Pagliacci Pizza

    0.59 miles

  • Whole Foods Market

    0.23 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

Contact Listing Broker
Ariel Mizrahi

SVN | Cornerstone

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