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485 Rainier Ave S
Renton, WA 98057
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Proforma 6.85% Cap Rate
- 5.05/1,000 SF parking ratio (20 Surface Spaces)
- Located on Major Bus Lines (Routes 102, 160, & F Line)
- Anchored by Fred Meyer
- Building fronts Rainier Avenue South (36,348 Daily Vehicles)
EXECUTIVE SUMMARY
Freestanding retail pad for sale at South Lake Center, a Fred Meyer–anchored shopping center in Renton. The 3,960 SF building sits on 19,166 SF of land and fronts Rainier Avenue South, benefiting from excellent visibility and strong traffic counts of approximately 36,348 vehicles per day. The property offers a proforma 6.85% cap rate, ample surface parking (5.05/1,000 SF), and convenient access via major bus routes. Surrounded by dense residential neighborhoods with strong household incomes, this is a compelling opportunity for investors seeking a well-located retail asset in a proven commercial corridor.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,960 SF
Building Class
C
Year Built
1960
Price
$1,690,000
Price Per SF
$426.77
Cap Rate
6.85%
NOI
$115,765
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
0.44 AC
Zoning
CA, Renton
Parking
20 Spaces (5.05 Spaces per 1,000 SF Leased)
Frontage
108’ on Rainier Ave S
AMENITIES
- Bus Line
PROPERTY TAXES
| Parcel Number | 182305-9168 | Improvements Assessment | $696,800 |
| Land Assessment | $719,100 | Total Assessment | $1,415,900 |
PROPERTY TAXES
Parcel Number
182305-9168
Land Assessment
$719,100
Improvements Assessment
$696,800
Total Assessment
$1,415,900
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