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    3109-3111 Rainier Ave S Seattle, WA 98144

    For Sale
    Contact for pricing

    Mixed-use multifamily development site near Mt. Baker Light Rail.

    Lot size:
    0.44 Acres

    Property Features for 3109-3111 Rainier Ave S

    General Information

    Lot size
    0.44 Acres

    Source: Lee & Associates Commercial Real Estate Services Agent Alex Muir

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

    Overview

    Transit-Oriented Development Opportunity in Seattle

    This is a fully entitled and shovel-ready mixed-use multifamily development opportunity known as ViV Crossing, situated at the intersection of Rainier Avenue South and Martin Luther King Jr. Way S in Seattle’s Mount Baker neighborhood. The transit-oriented project is located directly across from the Mt. Baker Light Rail Station, positioning it as a prime Transit Oriented Development (TOD) site with regional connectivity. ViV Crossing is planned to deliver approximately 175 residential units, ranging from Small Efficiency Dwelling Units (SEDUs) and studios to open one-bedroom and two-bedroom apartments, alongside 3,000 square feet of ground-level retail and live/work lofts.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.296314
    Latitude
    47.5755566

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    FAQs

    What type of property is this?
    Land - Mixed-use multifamily development site near Mt. Baker Light Rail.
    Where is this land located?
    The property is located at 3109-3111 Rainier Ave S Seattle, WA.
    What are key features of this property?
    This property features: - Prime Transit-Oriented Development (TOD) site directly across from the Mt. Baker Light Rail Station, offering unmatched regional connectivity.; - Fully entitled and shovel-ready mixed-use multifamily development, accelerating the development timeline.; - Located at the iconic intersection of Rainier Avenue South and Martin Luther King Jr. Way S in Seattle’s Mount Baker neighborhood.
    (253) 303-1983
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3109-3111 Rainier Ave S Seattle, WA 98144
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