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 $899,950 ($347/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 | Annual Per SF |
|---|---|---|
| Taxes |
$5,106
|
$1.97
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$5,106
|
$1.97
|
Financial Summary (Actual - 2023)
| Taxes | |
|---|---|
| Annual | $5,106 |
| Annual Per SF | $1.97 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $5,106 |
| Annual Per SF | $1.97 |
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
$899,950
Price Per SF
$347
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.82
Land Acres
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)
PROPERTY TAXES
| Parcel Number | 333050-0955 | Total Assessment | $557,100 |
| Land Assessment | $405,000 | Annual Taxes | $5,106 ($1.97/SF) |
| Improvements Assessment | $152,100 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
333050-0955
Land Assessment
$405,000
Improvements Assessment
$152,100
Total Assessment
$557,100
Annual Taxes
$5,106 ($1.97/SF)
Tax Year
2023
-
Steven Sterling -
Steven Gorecki -
Windermere/Mt. Baker
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Hillman City Development Site | 5614 Rainier Ave S
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