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Rainier Avenue Development Site 6355 Rainier Ave S 2 844 pi² Commerce de détail Immeuble Seattle, WA 98118 2 741 310 $ CAD (963,89 $ CAD/pi²)
Certaines informations ont été traduites automatiquement.
FAITS SAILLANTS DE L'INVESTISSEMENT
- Opportunity Zone Development: Investors can leverage unique tax benefits
- Improving Submarket Indicators
- Strategically Located: Located just 6 miles from downtown Seattle and 0.6 miles from the Othello Light Rail Station
- Impact of Boeing Field: located just 3 miles from King County International Airport
RÉSUMÉ DE L'ANNONCE
Introducing an exceptional development opportunity in the heart of Seattle's Rainier Valley. This vacant building at 6355 Rainier Avenue presents a prime investment chance with 14 proposed townhomes in an Opportunity Zone. With a substantial lot size of 21,344 SF, zoned for NC2-55 (M), this property offers a strategic location just minutes from major employers like Meta, Amazon, and Boeing. Ideal for redevelopment, the site benefits from being only 0.6 miles from the Othello Light Rail Station, providing seamless connections to key destinations including downtown Seattle. The surrounding area boasts a vibrant cultural scene and strong market indicators, with rental growth projected to accelerate, making it a lucrative venture for savvy investors. Don't miss out on this rare chance to capitalize on a burgeoning market in one of Seattle's most dynamic neighborhoods. Contact us today to unlock the full potential of the Rainier Avenue Development Site!
-Opportunity Zone Development: Investors can leverage unique tax benefits with this property, which spans over 21,000 square feet and is zoned NC2-55 (M) in an Opportunity Zone.
-Strategically Located: Located just six miles from downtown Seattle, this site provides convenient access to over 336,000 jobs and major employers like Meta, Apple, Amazon, Nordstrom, and Zillow.
-Improving Submarket Indicators: The vacancy rate in South Seattle has decreased from 7.7% to 7.0% over that past year; annual asking rent growth is currently at 1.5%, with 4- and 5-star properties experiencing a higher growth rate of 2.8%; experts expect rent growth to accelerate to 2.6% by the end of 2025.
-Impact of Boeing Field: King County International Airport - Boeing Field, located just three miles from the site, averages 180,000 aircraft takeoffs and landings annually; the airport supports $3.5 billion in local business, provides 16,000 jobs with $2 billion in labor income, and hosts more than 150 tenants contributing to over 5,000 jobs in the region.
-Opportunity Zone Development: Investors can leverage unique tax benefits with this property, which spans over 21,000 square feet and is zoned NC2-55 (M) in an Opportunity Zone.
-Strategically Located: Located just six miles from downtown Seattle, this site provides convenient access to over 336,000 jobs and major employers like Meta, Apple, Amazon, Nordstrom, and Zillow.
-Improving Submarket Indicators: The vacancy rate in South Seattle has decreased from 7.7% to 7.0% over that past year; annual asking rent growth is currently at 1.5%, with 4- and 5-star properties experiencing a higher growth rate of 2.8%; experts expect rent growth to accelerate to 2.6% by the end of 2025.
-Impact of Boeing Field: King County International Airport - Boeing Field, located just three miles from the site, averages 180,000 aircraft takeoffs and landings annually; the airport supports $3.5 billion in local business, provides 16,000 jobs with $2 billion in labor income, and hosts more than 150 tenants contributing to over 5,000 jobs in the region.
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FAITS SUR LA PROPRIÉTÉ
Type de vente
Investissement
Condition de vente
Projet de redéveloppement
Type de propriété
Commerce de détail
Sous-type de propriété
Réparation automatique
Taille du bâtiment
2 844 pi²
Classe d’immeuble
C
Année de construction/rénovation
1923/1975
Prix
2 741 310 $ CAD
Prix par pi²
963,89 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Quais de chargement
2 Extérieur
Coefficient d’occupation des sols de l’immeuble
0,13
Taille du lot
0,50 AC
Zone de développement économique
Oui
Zonage
NC2-55 (M)
Stationnement
23 places (8,09 places par 1 000 pi² loué)
Façade
170’ sur Rainier Avenue South
Bike Score®
Très cyclable (80)
PRINCIPAUX DÉTAILLANTS À PROXIMITÉ
Impôts fonciers
| Numéro de lot | 110500-0182 | Évaluation des bâtiments | 1 411 $ CAD |
| Évaluation du terrain | 2 694 728 $ CAD | Évaluation totale | 2 696 139 $ CAD |
Impôts fonciers
Numéro de lot
110500-0182
Évaluation du terrain
2 694 728 $ CAD
Évaluation des bâtiments
1 411 $ CAD
Évaluation totale
2 696 139 $ CAD
CONTACTS
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Chad Blenz -
Mitchell Belcher -
Steven Chattin -
Jay Timpani -
Brandon Lawler -
Berkadia
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Rainier Avenue Development Site | 6355 Rainier Ave S
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