Leased Office Development
3207 Rainier Avenue S Seattle, WA 98144
For Sale
$4,500,000
Fully fenced parcels total 16,200 sf with a leased 3,384 sf office building, zoned SM-NR 95 (M).
Property Size3,384 SF
Lot Size0.37 Acres
Price / SF$1,329
Days on Market109
Property Features for 3207 Rainier Avenue S
General Information
Standard status
Active
Size
3,384 SF
Lot size
0.37 Acres
Property subtype
Commercial
Building Details
Year Built
1955
Listing Agency:
Realogics Sotheby's Int'l Rlty
(425) 800-0310
Listed By:
Keith McKinney
(425) 800-0310
Source:
Multifamilyspecialist
Added: Apr 13
Changed: Jul 21
Last Checked: Jul 29 at 12:08PM
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 Realogics Sotheby's Int'l Rlty
Investment Insights
Based on property information with market context.
This offering combines strategically positioned, fully fenced parcels totaling 16,200 sf with an existing leased 3,384 sf office building. The parcels are intended for future development and are presented as an opportunity for a Middle Housing, multifamily, or mixed-use project.
The property is situated adjacent to the Mount Baker light rail station in Seattle’s Mount Baker neighborhood. A feasibility study prepared by Axis/Caron Architecture envisions a 5–8-story building housing up to 125 multifamily units or condominium units, and recent zoning upgrades have also increased opportunities for affordable housing alternatives.
The site is zoned SM-NR 95 (M). Sale and lease-back terms are negotiable, offering flexibility for buyers evaluating both development plans and near-term income from the existing leased office building.
The property is situated adjacent to the Mount Baker light rail station in Seattle’s Mount Baker neighborhood. A feasibility study prepared by Axis/Caron Architecture envisions a 5–8-story building housing up to 125 multifamily units or condominium units, and recent zoning upgrades have also increased opportunities for affordable housing alternatives.
The site is zoned SM-NR 95 (M). Sale and lease-back terms are negotiable, offering flexibility for buyers evaluating both development plans and near-term income from the existing leased office building.
Key Highlights
- Fully fenced parcels totaling 16,200 sf, with a leased 3,384 sf office building on‑site
- Zoned SM‑NR 95 (M), supporting development options such as Middle Housing, Multifamily, or Mixed‑use
- Feasibility study by Axis/Caron Architecture envisions a 5–8‑story building with up to 125 MF or condominium units
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Fully fenced parcels total 16,200 sf with a leased 3,384 sf office building, zoned SM-NR 95 (M).
Where is this office building located?
The property is located at 3207 Rainier Avenue S Seattle, WA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Fully fenced parcels totaling 16,200 sf, with a leased 3,384 sf office building on‑site; Zoned SM‑NR 95 (M), supporting development options such as Middle Housing, Multifamily, or Mixed‑use; Feasibility study by Axis/Caron Architecture envisions a 5–8‑story building with up to 125 MF or condominium units
