5614 Rainier Ave S - Storefront Retail/Residential FOR SALE


Seattle, WA 98118- Columbia City
$855,000 USD
425-949-6897
5614 Rainier Ave S, Seattle, WA for Sale
$855,000 USD
Storefront Retail/Residential - FOR SALE
1/4
null | Request Cap Rate

5614 Rainier Ave S
Seattle, WA 98118
Columbia City


OVERVIEW

5614 Rainier Ave S offers a prime development opportunity in the heart of Hillman City, just south of Columbia City in South Seattle. Zoned NC2P-55(M), the site supports mixed-use projects up to 55 feet—perfect for street-level retail with housing or office space above. The existing 2,592 SF structure is in poor condition, but the property features strong visibility along a high-traffic stretch of Rainier Ave, with three rear parking spaces and nearby transit access. The seller has previously drafted plans and secured permits for a mixed-use building with ground-floor commercial and studio apartments above—available with a signed LOI. Ideal for housing, creative office, or neighborhood retail in one of Seattle’s most active growth corridors.

FOR SALE DETAILS

PRICE

$855,000 USD

PRICE/SF

$330 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5614 Rainier Ave S

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1906

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,142 SF

ZONING

NC2P55M

APN/PARCEL ID

333050-0955

ASK ABOUT THIS PROPERTY

Josh StrokColdwell Banker Commercial DanforthMore Info
425-949-6897

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Josh StrokColdwell Banker Commercial DanforthMore Info
425-949-6897

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.