927 Rainier S Ave, Seattle, WA 98144-2839
- Manufacturing properties
- 0.11 lot acres
Current Use by Public Records
- Glassworks Inc / Production Facility
- Sandler Architects / Architect / Architecture Firm
Property Details for 927 Rainier S Ave
- Lot size
- 0.11 lot acres
- Zone code
- IC-65 (M)
- Property type
- Manufacturing properties
- APN
- 713380-0170
- APU
- 7133800170
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 18, 2002 | $915,000 | Masaye LLC | 927 Rainier LLC | Grant Deed | $452k · Cnl Commercial Finance INC |
| Jan 16, 2001 | $560,000 | 927 Rainier LLC | Rustad Building Partnership | Grant Deed | $405k · Evergreenbank |
| Oct 31, 1989 | $230,000 | Rustad Building Partnership | Tibbles,howard J | Grant Deed | $179k · Seller |
| — | — | Rustad Building Partnership | — | Deed Of Trust · related | $240k · Key Bank NA |
| — | — | Masaye LLC | — | Deed Of Trust · related | — |
Description
This exceptional 9,970-square-foot industrial property, located at 927 Rainier Ave S in Seattle, WA, presents a unique investment opportunity. The building, constructed in 1906 and renovated in 1980, features a two-story design and sits on a 14,761-square-foot lot. Currently vacant and available for immediate occupancy starting January 1, 2024, this Fee Simple owned property offers a flexible layout suitable for various uses, including flex space, warehouse, and manufacturing. The property boasts one dock-high door, heavy power, and a secure fenced yard. Zoned NC3-75(M2), it benefits from its location near the Judkins Park light rail station and major freeways (I-5 and I-90), providing excellent accessibility. The asking price is $3,250,000 ($325.98/SF), with land valued at $220.17/SF. The property's location within an Opportunity Zone offers potential tax advantages. Seller financing is available. The property consists of three parcels (APN: 713380-0205, 713380-0175, 713380-0170). This prime location, combined with the building's features and zoning potential, makes it an attractive investment for owner-users seeking a versatile industrial space in a rapidly developing area. Further rezoning is anticipated in 2024, potentially allowing for transit-oriented development.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,275,000
- ML approach
- $3,300,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Seattle
- County
- King
- State
- Washington
- Longitude
- -122.31
- Latitude
- 47.5937
- CBSA code
- 42660
- CBSA name
- SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
