Varsity Theater — Sale in Seattle, WA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Seattle, WA 98105

Description

10,169 SF Historic Retail for Lease Currently the Varsity houses 3 theaters, including a large ±300 seat auditorium on level one. Auditorium 2 holds ±130 and auditorium 3 holds ±90 seats on level two. Reconfiguration of the space is a possibility for a long-term user.

Market Context

This retail in Seattle, WA is listed for sale. It has been on the market for 196 days. Compare it against other retail listings for sale in Seattle, WA — view the full market.

As of Q1 2026, the Seattle / Bellevue retail market showed a 16.8% vacancy rate, and cap rates around 7.6%.

Above-average vacancy gives buyers leverage and a wide set of comparables.

Retail market FAQ

What is the typical cap rate for retail in Seattle / Bellevue?
About 7.6% as of Q1 2026.
Is the Seattle / Bellevue retail market tightening or softening?
Vacancy is around 16.8% (Q1 2026).

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