927 Rainier Ave S - Manufacturing FOR SALE


Seattle, WA 98144
$2,995,000 USD
215-917-1742
927 Rainier Ave S, Seattle, WA for Sale
$2,995,000 USD
Manufacturing - FOR SALE
1/16
null | Request Cap Rate

927 Rainier Ave S
Seattle, WA 98144


HIGHLIGHTS

  • SELLER FINANCING AVAILABLE
  • High Visibility Hard Corner On A Main Commercial Corridor
  • 6,472 SF of Workshops & Storage Below 3,498 SF of Creative Office
  • Steps Away From Light Rail Station to Eastside
  • Located In An Opportunity Zone
  • Three Grade Level Doors & Heavy Power

OVERVIEW

SELLER FINANCING AVAILABLE. Lee & Associates is pleased to exclusively offer for sale the Glassworks Building located at 927 Rainier Ave South in the vibrant and growing Judkins Park neighborhood of Seattle, WA. The Glassworks Building occupies a high visibility, 14,791 square foot hard corner on Rainier Avenue South at South Norman Street. Offering unsurpassed accessibility, the property is just two blocks from the Judkins Park light rail station at I-90 & Rainier Avenue South and is moments away from both I-90 and I-5 freeway entrances. The immediate area also has very strong demographics with a population of over 217,380 and an Average Household Income of over $117,157 in a 3-mile radius from the subject property. The property is presently configured as creative office above light manufacturing and storage spaces. In addition to creative workspace, the building has a fenced & gated yard and is served by heavy power to accommodate a range of unique uses. In July 2023 Seattle approved an up-zone from IG-65 to NC3-75 (M2). This new zoning allows for a wide range of commercial and mixed-uses. The property also falls within an Opportunity Zone, enabling potential tax benefits for redevelopment. The property is presently occupied by the Seller who would vacate on a sale-accommodative timeline. Offers to be reviewed on a rolling basis. Please do not disturb tenants or their staff. Contact listing agent for tours.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$300 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Glassworks Building

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1906

UTILITIES

-

CLEAR CEILING HT

10 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.34

LAND SF

14,761

ZONING

NC3-75 (M2)

APN/PARCEL ID

713380-0205

ASK ABOUT THIS PROPERTY

Stren LeaLee & Associates Commercial Real Estate ServicesMore Info
215-917-1742

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Stren LeaLee & Associates Commercial Real Estate ServicesMore Info
215-917-1742

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