485 Rainier Ave S - Freestanding FOR SALE


Renton, WA 98057- South Renton
$1,690,000 USD
425-455-1777
485 Rainier Ave S, Renton, WA for Sale
$1,690,000 USD
Freestanding - FOR SALE
1/19
null | 6.85% Cap Rate

485 Rainier Ave S
Renton, WA 98057
South Renton


HIGHLIGHTS

  • Proforma 6.85% Cap Rate
  • Anchored by Fred Meyer
  • 5.05/1,000 SF parking ratio (20 Surface Spaces)
  • Building fronts Rainier Avenue South (36,348 Daily Vehicles)
  • Located on Major Bus Lines (Routes 102, 160, & F Line)

OVERVIEW

Freestanding retail pad for sale at South Lake Center, a Fred Meyer–anchored shopping center in Renton. The 3,960 SF building sits on 19,166 SF of land and fronts Rainier Avenue South, benefiting from excellent visibility and strong traffic counts of approximately 36,348 vehicles per day. The property offers a proforma 6.85% cap rate, ample surface parking (5.05/1,000 SF), and convenient access via major bus routes. Surrounded by dense residential neighborhoods with strong household incomes, this is a compelling opportunity for investors seeking a well-located retail asset in a proven commercial corridor.

FOR SALE DETAILS

PRICE

$1,690,000 USD

PRICE/SF

$427 USD /SF

CAP RATE

6.85%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

CA, Renton

APN/PARCEL ID

182305-9168

ASK ABOUT THIS PROPERTY

Ron WaldbaumLeibsohn & CompanyMore Info
425-455-1777

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Ron WaldbaumLeibsohn & CompanyMore Info
425-455-1777

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