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Massi's Aquarium 3207 &-3215 Rainier Ave S 3,384 SF Retail Building Seattle, WA 98144 $4,500,000 ($1,329.79/SF)
Investment Highlights
- Affordable Middle Housing, MF or Mixed-use Zoning
- Open and secure parking
- Paved, Gated and Fenced
- Negotiable Sale-Lease back terms during development period
Executive Summary
These strategically positioned parcels with leased 3384sf office building offer a unique opportunity to develop a Middle Housing, Multifamily or Mixed-use project adjacent to the Mount Baker light rail station. Combined, these fully fenced parcels total 16,200sf and are situated within the popular Mount Baker neighborhood. The impressive growth in the area is a testament to the site’s exceptional location and proximity to Seattle’s employment centers. Zoned SM-NR 95 (M), a feasibility study has been conducted by Axis/Caron Architecture envisioning the development of a 5-8-story building housing up to 125 MF or Condominium units. Recent zoning upgrades have increased the opportunity to develop affordable housing alternatives on this site also. Sale and Lease-Back terms are negotiable so don't miss this!
Data Room Click Here to Access
- Offering Memorandum
- Third Party Reports
- Title and Insurance
Property Facts
Sale Type
Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,384 SF
Building Class
C
Year Built/Renovated
1955/2017
Price
$4,500,000
Price Per SF
$1,329.79
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.37 AC
Zoning
NC365, Seattle - These strategically positioned parcels with leased 3384sf office building offer a unique opportunity to develop a Middle Housing Condo, MF-mixed use.
Parking
13 Spaces (3.84 Spaces per 1,000 SF Leased)
Very walkable
80/100
Moderately drivable
60/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $69,100 | |
| Land Assessment | $2,268,000 | Total Assessment | $2,337,100 |
Property Taxes
Parcel Numbers
Land Assessment
$2,268,000
Improvements Assessment
$69,100
Total Assessment
$2,337,100
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Massi's Aquarium | 3207 &-3215 Rainier Ave S