$4,500,000
( )
 $24,157 est/mo Sourced by Back At You

3207 Rainier Avenue,Seattle, WA 98144

Seattle, WA 98144

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Description

These strategically positioned parcels with leased 3384sf office building offer a unique opportunity to develop a Middle Housing, Multifamily or Mixed-use project adjacent to the Mount Baker light rail station. Combined, these fully fenced parcels total 16,200sf and are situated within the popular Mount Baker neighborhood. The impressive growth in the area is a testament to the site’s exceptional location and proximity to Seattle’s employment centers. Zoned SM-NR 95 (M), a feasibility study has been conducted by Axis/Caron Architecture envisioning the development of a 5-8-story building housing up to 125 MF or Condominium units. Recent zoning upgrades have increased the opportunity to develop affordable housing alternatives on this site also. Sale and Lease-Back terms are negotiable so don't miss this!

Details

MLS #2501253
Listing TypeFor Sale
StyleCommercial Industrial
Sub-TypeResale
StatusActive
Year1955
Days On Site156
Listing Provided ByRealogics Sotheby's Int'l Rlty | Keith McKinney

Features

Units1
ZoningMulti-Family,Residential,See Rem
Acreage0.37

Taxes

Property25027

Area Information

StateWA
CountyKing
CitySeattle
Zip Code98144
Area380 Southeast Seattle
Community NameMt Baker
Listing VS Median (in Mt Baker)
Price:
$4,500,000
low | high
Med:
$899,500
100% of Average
On site:
156
low | high
Med:
25.5
100% of Average
Sourced by Back At You

Market Activity 98144

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Learn More About This Property

StateWA
CountyKing
CitySeattle
Zip Code98144
Area380 Southeast Seattle
Community NameMt Baker
Listing VS Median (in Mt Baker)
Price:
$4,500,000
low | high
Med:
$899,500
100% of Average
On site:
156
low | high
Med:
25.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $3.375M - $5.625M
sqft: 0 - 0
Listing Updated: July 20, 2026 at 2:19:04 PM PDT