Property summary
The property consists of a level corner commercial development site totaling approximately 23,800 square feet, with 140 feet of frontage on Rainier Ave South and 170 feet of frontage on South Director Street, located in the Rainier Beach Business District near multiple retail and service uses. The site includes three parcels: Parcel A at 9040 Rainier Ave South, featuring an existing 3,704-square-foot office on a 75-by-110-foot lot (8,250 square feet) and zoned NC3P-55(M); Parcel B at 9050 Rainier Ave South, featuring an existing 1,440-square-foot retail space on a 65-by-110-foot lot (7,150 square feet) and zoned NC3P-55(M); and Parcel C at 5112 South Director, a vacant 60-by-140-foot lot (8,400 square feet) zoned NC3-55(M). All parcels are within an Opportunity Zone and fall under Urban Center, Frequent Transit Service Area, and Design Review Equity Area classifications.
Property profile
VerifiedCap rate & NOI
Current use
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Law Firm
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Law Firm
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Dental Office
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Dental Office
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Dental Office
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The intent of this district is to promote neighborhood commercial activities to support or encourage a pedestrian-oriented shopping district that serves the surrounding neighborhood and a larger community, citywide, or r…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
NC3P-55 (M) · Seattle, WAThe intent of this district is to promote neighborhood commercial activities to support or encourage a pedestrian-oriented shopping district that serves the surrounding neighborhood and a larger community, citywide, or r…
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 neighborhood commercial activities to support or encourage a pedestrian-oriented shopping district that serves the surrounding neighborhood and a larger community, citywide, or r…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for NC3P-55(M) in Seattle, WA.
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