The Rainier Beach Development Site is a 6,500-square-foot lot, zoned LR3 (M2) and located in an Urban Village, and is permit-ready for 42 apartment units. The property can also be converted into a luxury townhouse development. The site is for offer at an attractive $169 per square foot with seller financing available. This transit-orientated development site requires no parking, allowing the developer to maximize the square footage of the lot. The property boasts a walk score of 81 and is within a 5-minute walking distance of the Light Rail Station, Rainier Beach Community Center, Safeway, etc. Additionally, being in an opportunity zone opens up certain tax incentives for the owner. Favorable Seller Financing Available.
Offer Review
Will review offers when submitted
NWMLS Listing #
2181915
Listed by
Matt Johnston,
Northmarq Commercial, LLC Taylor Wyman,
Northmarq Commercial, LLC
Listing information is provided by the listing agent except as follows: BuilderB indicates
that our system has grouped this listing under a home builder name that doesn't match
the name provided
by the listing broker. DevelopmentD indicates
that our system has grouped this listing under a development name that doesn't match the name provided
by the listing broker.