Rainier Ave
Seattle, WA 98144
For Lease

This property has long thrived with retail on site based on the heavy traffic and high visibility, including most recently a Burger King Drive Thru, Baskin Robbins, and 7/Eleven. As this area has transitioned with the significant economic growth experienced by the entire Seattle market, Kidder Mathews and the ownership are now pleased to offer this property as a development offering on a longterm land lease. This three-parcel property entails approximately 51,620 SF of land in a neighborhood commercial zone with a 75’ height limit. Based on the multiple nearby light rail stops, as well as the quick access to downtown Seattle, South Lake Union, the major hospital district in the area at First Hill, and I-90 providing access to Mercer Island and Bellevue, this submarket is in a major transition with a significant amount of new residential planned to the area. With close to 1,122 units currently under construction in the nearby vicinity, and another 3,800 units planned in the pipeline, developers and tenants alike acknowledge the proximity of this neighborhood to major employer hubs. The Puget Sound’s economic vivacity is showing zero signs of slowing down even after taking the title of the fastest growing big city in the decade over the 2010s. With growth plans in the works for a large group of major employers throughout the Puget Sound, residential development will continue to be in high demand for many years. This Rainier Land Site presents a unique opportunity to develop an estimated 300+ units in one of the healthiest growth markets in the world.