Hillman City Development Site 5614 Rainier Ave S

5614 Rainier Ave S , Seattle, Washington, 98118 | 2,592 sq.f | $ 950,000

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About This Restaurant

Investment Highlights

Blossoming Business District

Executive Summary

Fabulous development opportunity in the heart of Hillman City. The hard work is done - Plans and Permits in place for a gorgeous new mixed use 3 story building! Even the Affordable Housing Waiver has been paid. Zoned NC2P55 (M) Ground level commercial space w/ ADA studio apartment in back. 4 studio apartments on 2nd floor, and a luxurious 3rd floor penthouse w/courtyard, deck and views! Tucked in the midst of this growing business district that is already a restaurant/pub destination hot spot. Now is the time to invest!

Property Details

  • Sale Type    Investment or Owner User
  • Property Type    Retail
  • Property Subtype    Storefront Retail/Residential Storefront Retail/Residential General Retail Restaurant General Retail Storefront Retail/Office Office Office Live Work Unit Storefront Retail/Residential
  • Building Size    2,592
  • Building Class    C
  • Year Built    1906
  • Price    950,000
  • Price Per SF    367
  • Percent Leased    100
  • Building Height    2 Stories
  • Building FAR    0.82
  • Land Acres    0.07 AC

Property Taxes

Parcel Number 333050-0955 Improvements Assessment $405,000
Land Assessment $557,100 Total Assessment $5,106 (1.97/SF)
Date Created: 2024-07-16 04:23:48 Last Updated: 2024-07-16 04:23:48
Address: 5614 Rainier Ave S , Seattle, Washington, 98118