Mixed-Use Building Near Light
3208 Rainier Ave S, Seattle, WA 98144
Mixed-use building with value-add potential near Mt. Baker.
Type:Retail
Property size:
15,117 SFPrice / SF:
$231/SF- Added:
- Nov 21, 2025
- Days on Market:
- 172
- Last Refresh:
- Dec 3 at 5:30 am
Property Features for 3208 Rainier Ave S
General Information
- Standard status
- Active
- Size
- 15,117 SF
- Property subtype
- Retail
Listing agent Brian Tyson License #249459
Listing office T &T Enterprises Realty LLC (704) 363-8756
Listing date Nov 21, 2025
Source Naiglobal
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of T &T Enterprises Realty LLC
HighLights
- 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.
- Relatively new construction (built in 2018) minimizing immediate maintenance concerns.
- Mixed‑use building with 2 commercial spaces and 12 apartments, providing diversified income streams.
- Strong neighborhood outlook for long‑term growth and redevelopment, indicating a sound investment.
Overview
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
Restaurant
Southern Rice Apartment
Apartment Building
Boat Charter
Boat Rental Service
Location Insight
- Map
- Local Demand
- City
- Seattle
- County
- King
- State
- Washington
- Longitude
- -122.2950294
- Latitude
- 47.5747261
Nearby Similar for Sale
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.
