Hillman City Development Site | 5614 Rainier Ave S
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Hillman City Development Site 5614 Rainier Ave S
2,592 SF 100% Leased Retail Building Seattle, WA 98118 $1,275,652 CAD ($492 CAD/SF)
Investment Highlights
- Blossoming Business District
- Fabulous development opportunity
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!
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
$7,238
|
$2.79
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$7,238
|
$2.79
|
Financial Summary (Actual - 2023)
| Taxes (CAD) | |
|---|---|
| Annual | $7,238 |
| Annual Per SF | $2.79 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $7,238 |
| Annual Per SF | $2.79 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,592 SF
Building Class
C
Year Built
1906
Price
$1,275,652 CAD
Price Per SF
$492 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.82
Lot Size
0.07 AC
Zoning
NC2P55M - MHA Waiver has been paid!
Frontage
30 ft on Rainier Avenue South
Walk Score ®
Very Walkable (79)
Bike Score ®
Very Bikeable (71)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 333050-0955 | Total Assessment | $780,369 CAD |
| Land Assessment | $567,312 CAD | Annual Taxes | $7,238 CAD ($2.79 CAD/SF) |
| Improvements Assessment | $213,057 CAD | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
333050-0955
Land Assessment
$567,312 CAD
Improvements Assessment
$213,057 CAD
Total Assessment
$780,369 CAD
Annual Taxes
$7,238 CAD ($2.79 CAD/SF)
Tax Year
2023
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Hillman City Development Site | 5614 Rainier Ave S
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