Development Opportunity in Hillman
For Sale
$725,000
Pending
5614 Rainier Ave S, Seattle, WA 98118
Prime mixed-use development site in South Seattle's Hillman City.
Property Size3,006 SF
Days on Market505
Property Features for 5614 Rainier Ave S
General Information
Standard status
Pending
Size
3,006 SF
Property subtype
Commercial
Building Details
Year Built
1906
Listing Agency:
COLDWELL BANKER COMMERCIAL DANFORTH
(425) 949-6897
Listed By:
JOSH STROK · License #22012457
Source:
Corcoran
Added: Apr 4, 2025
Changed: Aug 8
Last Checked: Jul 23 at 6:46AM
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 COLDWELL BANKER COMMERCIAL DANFORTH
Investment Insights
Based on property information with market context.
Located in the Hillman City neighborhood, south of Columbia City in South Seattle, 5614 Rainier Ave S presents a development opportunity. The property is zoned NC2P-55(M), allowing for mixed-use projects up to 55 feet in height. This zoning is suitable for street-level retail spaces with housing or office space above. The existing structure, which has a size of 2,592 square feet, is in poor condition. The property benefits from visibility on a high-traffic section of Rainier Ave and includes three parking spaces at the rear, as well as access to nearby transit options. The site size is 3,006 square feet. Previously drafted plans and secured permits for a mixed-use building with ground-floor commercial space and studio apartments above are available with a signed Letter of Intent. The location is suitable for housing, creative office space, or neighborhood retail in an active growth corridor of Seattle.
Key Highlights
- Prime development opportunity in the heart of Hillman City.
- Zoned NC2P‑55(M) allowing mixed‑use projects up to 55 feet.
- Strong visibility on high‑traffic Rainier Ave S.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,226
Businesses Nearby
Explore this area
Business Placement
Demographics for 98118, WA
47,504
Population
19,831
Households
2.4
Avg Household Size
38
Median Age
49%
College-Educated
90%
High-School Grad
6.2 sq mi
ZIP Area
7,662
Density / Sq Mi
$109,085
Median Household Income
$54,827
Median Earnings
$1,831
Median Rent
$746,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Prime mixed-use development site in South Seattle's Hillman City.
Where is this commercial land located?
The property is located at 5614 Rainier Ave S Seattle, WA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Prime development opportunity in the heart of Hillman City.; Zoned NC2P‑55(M) allowing mixed‑use projects up to 55 feet.; Strong visibility on high‑traffic Rainier Ave S.
