3207 &-3215 Rainier Ave S - Freestanding FOR SALE


Seattle, WA 98144- Columbia City
$4,500,000 USD
425-221-8557
3207 &-3215 Rainier Ave S, Seattle, WA for Sale
$4,500,000 USD
Freestanding - FOR SALE
1/9
null | Request Cap Rate

3207 &-3215 Rainier Ave S
Seattle, WA 98144
Columbia City


HIGHLIGHTS

  • Affordable Middle Housing, MF or Mixed-use Zoning
  • Paved, Gated and Fenced
  • Open and secure parking
  • Negotiable Sale-Lease back terms during development period

OVERVIEW

These strategically positioned parcels with leased 3384sf office building offer a unique opportunity to develop a Middle Housing, Multifamily or Mixed-use project adjacent to the Mount Baker light rail station. Combined, these fully fenced parcels total 16,200sf and are situated within the popular Mount Baker neighborhood. The impressive growth in the area is a testament to the site’s exceptional location and proximity to Seattle’s employment centers. Zoned SM-NR 95 (M), a feasibility study has been conducted by Axis/Caron Architecture envisioning the development of a 5-8-story building housing up to 125 MF or Condominium units. Recent zoning upgrades have increased the opportunity to develop affordable housing alternatives on this site also. Sale and Lease-Back terms are negotiable so don't miss this!

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$1,512 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Massi's Aquarium

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,200 SF

ZONING

NC365, Seattle

APN/PARCEL ID

128230-0310,128230-0320

ASK ABOUT THIS PROPERTY

Keith McKinneyRealogics / Sotheby's International RealtyMore Info
425-221-8557

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Keith McKinneyRealogics / Sotheby's International RealtyMore Info
425-221-8557

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.