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5201 Rainier Ave S Seattle, WA 98118

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For Sale
$4,900,000

Premier multifamily development site in Columbia City, shovel ready.

Property size:
24,387 SF

Property Features for 5201 Rainier Ave S

General Information

Standard status
Active
Size
24,387 SF
Source: Corcoran

Listing Agent: Stuart Williams

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


Overview

Multifamily Development Site in Seattle

This is an opportunity to acquire a multifamily development site in Columbia City. The site is adjacent to a thriving urban neighborhood and has proximity to mass transit, light rail and numerous retail establishments. The site is shovel ready for 111 multifamily units, including 3 live-work units and 1,621 SF of retail. Ownership has obtained a Master Use Permit (MUP) and Building Permit. There is also a townhome development scenario featuring 23 units, 19 of which include garage parking. The units average 1,825 SF and primarily offer three bedrooms plus a den. The property size is 24387 square feet.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial land

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
-122.281901
Latitude
47.554067

FAQs

What type of property is this?
Commercial land - Premier multifamily development site in Columbia City, shovel ready.
Where is this commercial land located?
The property is located at 5201 Rainier Ave S Seattle, WA.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: - Shovel-ready multifamily development site with permits in place (MUP, Building Permit).; - Approved for **111 multifamily units**, including 3 live-work units and 1,621 SF of retail space.; - Located in a thriving urban neighborhood.
More about this property
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