Listing provided courtesy of Realogics Sotheby's Int'l RltyNWMLSas Distributed by MLSGrid- MLS# NWM2501253
Images
Request Info3207 Rainier Avenue SSeattle, WA 98144
Commercial · 0.37 Acres$4,500,000
Active
3207 Rainier Avenue S Overview
- Visits:
- 2
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!
Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map
3207 Rainier Avenue S Facts & Features
- Type Commercial
- Lot 0.37 Acres
Details
General
Association/HOA
- Association Fee: $0.00
Income/Expenses
- Other Expense: 16010
- Gross Scheduled Income: 71064
- Net Operating Income: 30037
- Total Expenses: 41037
Building Information
- Year Built: 1955
Location/Region
- Country: US
- County Or Parish: King
- MLS Area Major: 380 - Southeast Seattle
- Subdivision Name: Mt Baker
Tax Information
- Tax Annual Amount: $25,027.00
- Tax Year: 2025
General Information
- Listing Terms: Cash
- Parcel Number: 1282300310
- Possible Use: Multi-Family,Residential,See Remarks
- Property Condition: Good
- Property Sub Type: Commercial Industrial
- Property Type: Commercial Sale
- Senior Community: No
- Special Listing Conditions: None
Interior
Beds/Baths
- Bedrooms Upper: 0
Building Interior
- Approximate Building Square Feet: 3384
- Building Area Total: 0
- Building Area Units: Square Feet
- Calculated Square Footage: 0
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: No
- Fireplace: No
- Fireplaces Total: 0
- Heating: No
- Living Area: 0
- Main Level Bathrooms: 0
Exterior
Parking Information
- Open Parking: No
- Parking Total: 32
- Parking Uncovered Total: 32
Lot Information
- Irrigation Water Rights: No
- Lot Size Acres: 0.3719
- Lot Size Dimensions: Rectangular
- Lot Size Square Feet: 16200
- Lot Size Units: Square Feet
- Topography: Level
- Elevation Units: Feet
- Water Source: Public
Building Exterior/Construction
- Construction Methods: Steel & Concrete
- Roof: Flat
- Structure Type: Unspecified
General Information
- Carport: No
- Exterior Features: Brick
- Number Of Units Total: 1
- Sewer: Sewer Connected
Unit Information
Unit 1 Details
- Unit Type: PT Office
3207 Rainier Avenue S Neighborhood
Community
98144 (Seattle) Demographics
37
Median Age
6,357
Population Density (per sq. mile)
67%
College Educated
$87,098
Estimated Median Income
6,852
Estimated Total Home Owners
7,411
Estimated Total Renters
48% / 52%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.3207 Rainier Avenue S Monthly Cost
3207 Rainier Avenue S Market Data
Based on the last 30 days in this zip code
$976,650
Average List Price
$541
Average Price per Square Foot
25
Properties Sold
69
Average Days on Market
166
Properties for Sale
3207 Rainier Avenue S History
| Date | Value | Agent |
|---|---|---|
| 4/13/2026Source: NWMLS | April 13, 2026 |