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3208 Rainier Ave S Seattle, WA 98144

For Sale
$3,495,000

Mixed-use building with value-add potential near Mt. Baker.

Property size:
15,117 SF

Property Features for 3208 Rainier Ave S

General Information

Size
15,117 SF

Source: Billy Poll, CCIM Agent Billy Poll, CCIM

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Mixed-Use Building Near Light Rail

The Southern Rice Apartments is a mixed-use building located on Rainier Avenue South, offering investors the opportunity to increase rental income and cash flow. Situated on the periphery of Seattle’s Mt. Baker area, the location provides access to dining, shopping, and entertainment options. The commercial corridor features local businesses, cafes, ethnic eateries, and boutique shops. Mt. Baker is known for its community-focused events. The property, built in 2018 with wood frame construction, includes 2 commercial spaces and 12 apartments. King County records indicate the property size is 13,708 square feet, while owner records state 15,117 square feet. The lot size is 7,523 square feet according to King County records. There are 2 parking spaces. The property is located three blocks from the Mt. Baker light rail station and is close to I-5, I-90, downtown Seattle, and the First Hill Medical Community. The apartments are spacious with modern finishes. The property has vacant retail units and under-market apartment rents, presenting a value-add opportunity. The zoning is SM-NR 95 (M).
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Wing Stop Chicken Wings Restaurant Southern Rice Apartment Apartment Building Boat Charter Boat Rental Service

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Seattle
County
King
State
Washington
Longitude
-122.2950294
Latitude
47.5747261

FAQs

What type of property is this?
Mixed-use property - Mixed-use building with value-add potential near Mt. Baker.
Where is this mixed-use property located?
The property is located at 3208 Rainier Ave S Seattle, WA.
What is the asking price?
The asking price for this property is $3,495,000.
What are key features of this property?
This property features: - Value-add opportunity with vacant retail units and under-market apartment rents, offering potential for substantial income increase.; - Prime location on Rainier Avenue South, near the dynamic Mt. Baker area, providing easy access to dining, shopping, and entertainment.; - Close proximity (3 blocks) to the Mt. Baker light rail station, I-5, I-90, downtown Seattle, and the First Hill Medical Community, ensuring excellent transportation options.
More about this property
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