421 Rainier Avenue S, Seattle, WA 98144
- $3,900,000
Listing courtesy of 360 Pacific.
- List Price
- $3,900,000
- Status
- ACTIVE
- MLS#
- 2485935
- Price Change
- ▼ $100,000 1782434295
- Days on Market
- 146
- Annual Tax Ammount
- 29445
Property Description
Exceptional development opportunity featuring an existing building on the prime corner of Rainier Ave S and S King St. The property is zoned DMRC 757595 and offers a 9,000 sq ft lot with a 9,900 sq ft building. Located in the International District, just minutes from the Stadium District, Pioneer Square, SoDo, Capitol Hill, and the Seattle CBD, with convenient access to I-5 and I-90 on/off ramps. Ideal for a multi-tiered residential project with ground floor retail.
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Additional Information
- Community
- International District
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1958
- # of Assigned Spaces
- 12
- Roof
- Torch Down
- Tax Year
- 2025
- Potential Terms
- Cash, Conventional
- Flooring
- Engineered Hardwood
- Driving Directions
- East on Jackson, right on Rainier Ave S property is on the right.
- Energy Source
- Electric
- Net Operating Income
- $267,120
- Gross Adjusted Income
- $267,120
- Gross Scheduled Income
- $267,120
- Cap Rate
- 6.6
- Total Expenses
- $29,445
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.