Mixed-Use Development
For Sale
Contact for pricing
Pending
5614 Rainier Ave S, Seattle, WA 98118
Zoned NC2P-55(M) with a 2,592 SF structure and three rear parking spaces for redevelopment.
Property SizeContact for details
Lot Size0.07 Acres
Days on Market574
Property Features for 5614 Rainier Ave S
General Information
Standard status
Pending
Lot size
0.07 Acres
Property subtype
LAND
Site & Location
Neighborhood
Seward Park
Listing Agency:
Coldwell Banker Commercial Danforth
(206) 971-8800
Listed By:
Josh Strok · License #22012457
(425) 949-6897
Source:
Moodyscre
Added: Apr 3, 2025
Changed: Oct 26
Last Checked: Oct 28 at 12:34PM
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
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Investment Insights
Based on property information with market context.
5614 Rainier Ave S is a redevelopment opportunity featuring an existing 2,592 SF structure that is reported to be in poor condition. The site includes three rear parking spaces and is positioned for a mixed-use concept with ground-floor commercial and studio apartments above. The seller has previously drafted plans and secured permits for that mixed-use building, and the plans are available with a signed LOI.
The property is zoned NC2P-55(M), supporting mixed-use development up to 55 feet. It also benefits from strong visibility along Rainier Ave S, with nearby transit access.
For buyers or tenants evaluating a street-facing redevelopment with parking in place and permitted mixed-use documentation underway, this site offers a defined starting point in Hillman City, south of Columbia City.
The property is zoned NC2P-55(M), supporting mixed-use development up to 55 feet. It also benefits from strong visibility along Rainier Ave S, with nearby transit access.
For buyers or tenants evaluating a street-facing redevelopment with parking in place and permitted mixed-use documentation underway, this site offers a defined starting point in Hillman City, south of Columbia City.
Key Highlights
- Zoned NC2P‑55(M), allowing mixed‑use development up to 55 feet
- Redevelopment opportunity with an existing 2,592 SF structure in poor condition
- 3 rear parking spaces included
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,226
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Seattle, WA
Frequently Asked Questions
What type of property is this?
Commercial land - Zoned NC2P-55(M) with a 2,592 SF structure and three rear parking spaces for redevelopment.
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: Zoned NC2P‑55(M), allowing mixed‑use development up to 55 feet; Redevelopment opportunity with an existing 2,592 SF structure in poor condition; 3 rear parking spaces included
