Trust Owned Property summary
The property is a commercial building located in Seattle’s Rainier Valley, with an approximate building area of 4,620 square feet on a 7,405 square foot lot. It is configured for food service and production uses, including a professional kitchen setup with dedicated food prep areas, a 10x12 walk-in freezer/fridge, a Type 1 commercial hood, and induction burners. Additional improvements include basement storage, an office, and a gated yard that can accommodate vehicle parking for approximately 4 to 5 food trucks. The property is zoned C1-75 (M) and is positioned along Rainier Ave with proximity to light rail, freeways, and Columbia City, surrounded by dense residential areas; the zoning designation supports a range of commercial and mixed-use possibilities such as retail, restaurants, offices, light manufacturing, and multi-family residential, with a maximum building height of 75 feet suitable for mid-rise mixed-use development in transit-accessible locations.
Property profile
VerifiedCap rate & NOI
Current use
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Take-out & Catering
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The intent of this district is to promote general commercial activities, to provide for an auto-oriented, primarily retail or service commercial area that serves surrounding neighborhoods and the larger community, citywi…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
C1-75 (M) · Seattle, WAThe intent of this district is to promote general commercial activities, to provide for an auto-oriented, primarily retail or service commercial area that serves surrounding neighborhoods and the larger community, citywi…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The intent of this district is to promote general commercial activities, to provide for an auto-oriented, primarily retail or service commercial area that serves surrounding neighborhoods and the larger community, citywi…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C1-75(M) in Seattle, WA.
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