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2307 Rainier Ave S
Seattle, WA 98144

Mount Baker Light Rail Development Site · Land For Sale · 0.32 AC

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Investment Highlights

14,000 SF Flat Corner Lot
Zoned NC3-75(M)
Qualified Opportunity Zone

Maximum FAR: 77,000 SF
Mount Baker Hub Urban Village
Potential 95-110 Unit Apartment Site

Executive Summary

Mt. Baker Light Rail Development Site For Sale. This property is an ideal development opportunity being positioned in both a qualified Opportunity Zone and Urban Village. Located on a corner lot along Rainier Ave S, this flat site zoned NC3-75 (M) allows for approximately 95 to 110 residential apartment units with some ground floor retail.

PROPERTY FACTS Under Contract

Sale Type	Investment	Proposed Use	Retail Mixed Use Apartment Units
No. Lots	1	Total Lot Size	0.32 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype	Commercial

Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Retail Mixed Use Apartment Units
Total Lot Size	0.32 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price	$5,038,692 CAD	Lot Size	0.32 AC
Price Per AC	$15,677,519.94 CAD

Price	$5,038,692 CAD
Price Per AC	$15,677,519.94 CAD
Lot Size	0.32 AC

PROPERTY TAXES

Parcel Number	159460-0155	Improvements Assessment	$1,448 CAD
Land Assessment	$3,243,296 CAD	Total Assessment	$3,244,744 CAD

PROPERTY TAXES

Parcel Number

159460-0155

Land Assessment

$3,243,296 CAD

Improvements Assessment

$1,448 CAD

Total Assessment

$3,244,744 CAD

zoning

Zoning Code	NC3-75(M)
NC3-75(M)

Listing ID: 31547948
Date on Market: 2024-04-18
Last Updated:
Address: 2307 Rainier Ave S, Seattle, WA 98144

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