MT. BAKER TRANSIT ORIENTED DEVELOPMENT SITE 3109 & 3111 RAINIER AVE S, SEATTLE, WA 98144 OFFERING MEMORANDUM SEATTLE CBD (2.5 MILES) MT. BAKER LIGHT RAIL STATION 3109 RAINIER AVE S 3111 RAINIER MARTIN LUTHER KING JR WAY FRANKLIN AVE S PEDESTRIAN BRIDGE HIGH SCHOOL RAINIER AVE S JON BOCKMAN TAYLOR NUCCITELLI 1218 Third Avenue VINCE VONADA P// 206.456.2560 P// 206.787.9049 Suite 2200 P// 206.718.0047
[email protected] [email protected] Seattle, WA 98101
[email protected] TABLE OF CONTENTS TABLE OF CONTENTS // INVESTMENT SUMMARY PAGE// 3 // SITE OVERVIEW PAGE// 4 // DEVELOPMENT PLANS PAGE// 7 // MARKET OVERVIEW PAGE// 11 // DEMOGRAPHICS PAGE// 13 2 // MT. BAKER TRANSIT ORIENTED DEVELOPMENT SITE THE OFFERING ORION Commercial Partners is excited to offer for sale the Mt. Baker Transit Oriented Development Site, located at 3109 & 3111 Rainier Ave S in Seattle, WA. With the property’s close proximity to the Sound Transit Station and Interstate 90 makes it an ideal location. Located in the heart of Rainier Valley’s gentrification, a short distance to Downtown Seattle, high traffic counts, and flexible zoning makes this site a perfect redevelopment opportunity. 3109 & 3111 RAINIER AVE S, Address INVESTMENT SEATTLE, WA 98144 $1,799,000 3109 Rainier Ave S SUMMARY Offering Price $3,638,332 $1,839,332 3111 Rainier Ave S Price Per Square Foot (Land) $187.00 1,134 SF 3109 Rainier Ave S Building(s) Size 3,354 SF 2,220 SF 3111 Rainier Ave S 9,612 SF 3109 Rainier Ave S Total Land Area 19,448 SF 9,836 SF 3111 Rainier Ave S 505830-0125 3109 Rainier Ave S Parcel Numbers 505830-0135 3111 Rainier Ave S Zoning SM-NR-85 Year Built// 1978// 1984 3109 Rainier Ave S Remodeled 1961// 1980 3111 Rainier Ave S 3 // MT.