Glassworks Building | 927 Rainier Ave S
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Glassworks Building 927 Rainier Ave S
9,970 SF 100% Leased Industrial Building Seattle, WA 98144 $3,250,000 ($326/SF)
Investment Highlights
- SELLER FINANCING AVAILABLE
- 6,472 SF of Workshops & Storage Below 3,498 SF of Creative Office
- Located In An Opportunity Zone
- High Visibility Hard Corner On A Main Commercial Corridor
- Steps Away From Light Rail Station to Eastside
- Three Grade Level Doors & Heavy Power
Executive Summary
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 highvisibility,
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 upcoming 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 131,897 and an Average Household Income of over $121,908 in a 2-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. Further rezoning is anticipated in 2024 with strong potential for inclusion
within an Urban Village or similar overlay, allowing for transit-oriented development with minimal parking
requirements. 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.
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 highvisibility,
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 upcoming 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 131,897 and an Average Household Income of over $121,908 in a 2-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. Further rezoning is anticipated in 2024 with strong potential for inclusion
within an Urban Village or similar overlay, allowing for transit-oriented development with minimal parking
requirements. 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.
Property Facts
| Price | $3,250,000 | Rentable Building Area | 9,970 SF |
| Price Per SF | $326 | No. Stories | 2 |
| Sale Type | Investment or Owner User | Year Built/Renovated | 1906/1980 |
| Property Type | Industrial | Parking Ratio | 1.3/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 10 FT |
| Building Class | B | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 0.34 AC | Opportunity Zone |
Yes
|
| Price | $3,250,000 |
| Price Per SF | $326 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 0.34 AC |
| Rentable Building Area | 9,970 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1906/1980 |
| Parking Ratio | 1.3/1,000 SF |
| Clear Ceiling Height | 10 FT |
| No. Drive In / Grade-Level Doors | 2 |
| Opportunity Zone |
Yes |
Amenities
- Bus Line
- Fenced Lot
- Metro/Subway
- Signage
- Yard
- Storage Space
- Air Conditioning
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Walk Score ®
Very Walkable (83)
Transit Score ®
Excellent Transit (71)
Bike Score ®
Very Bikeable (87)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,000 | |
| Land Assessment | $2,066,400 | Total Assessment | $2,067,400 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,066,400
Improvements Assessment
$1,000
Total Assessment
$2,067,400
zoning
| Zoning Code | NC3-75 (M2) |
| NC3-75 (M2) |
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Glassworks Building | 927 Rainier Ave S
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