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    2307 Rainier Ave S Seattle, WA 98144

    For Sale
    $1,700,000

    Corner lot suitable for mixed-use development in Opportunity Zone.

    Property size:
    14,000 SF
    Lot size:
    0.32 Acres

    Property Features for 2307 Rainier Ave S

    General Information

    Size
    14,000 SF
    Lot size
    0.32 Acres

    Source: Westlake Associates, Inc. Agent David Petersen

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

    Overview

    Mount Baker Development Site

    This development site is located in an Opportunity Zone. The flat, corner lot is zoned NC3-75 (M) and is situated along Rainier Ave S. It is suitable for live-work townhomes, mixed-use development, drive-thru retail, warehouse, day care, and other possible uses. The property size is 14000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Valley Towing´s CO Towing Equipment Provider Borracchini's Bakery Bakery

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.301758
    Latitude
    47.5827087

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    FAQs

    What type of property is this?
    Land - Corner lot suitable for mixed-use development in Opportunity Zone.
    Where is this land located?
    The property is located at 2307 Rainier Ave S Seattle, WA.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: - Located in an Opportunity Zone; - Zoned NC3-75 (M) allowing for diverse development options (Live Work Townhomes, Mixed Use, Retail, Warehouse, Day Care, etc.); - Flat, corner lot on Rainier Ave S
    (206) 505-9400
    Request Owner's contact information
    2307 Rainier Ave S Seattle, WA 98144
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    Seattle, WA 98144
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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
    2307 Rainier Ave S Seattle, WA 98144
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