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$660,000

Active

Listing provided by Taylor Wyman, Northmarq Multifamily, LLC

359

DOM

Ask Austin

About this property.

The Rainier Beach Development Site is a shovel-ready, 6,000 SF LR3 (M2) parcel in an established Urban Village. The Master Use Permit is approved and active through September 2028—no City review delay—and 100% of the architectural and engineering fees are fully paid, with all plans conveying to the buyer at closing.Approved for 42 apartment units, this transit-oriented site requires no parking, maximizing buildable square footage. It qualifies for Seattle's 12-Year MFTE Program and sits within a designated Opportunity Zone for added tax incentives.Walk Score of 81, with a 5-minute walk to the Rainier Beach Light Rail Station, Community Center, and Safeway. Offered at $101 per square foot—a rare, permit-ready foundation in one of Seattle's fastest-evolving submarkets.

Property details.

Property TypeLand
Sub TypeLand
Lot Acres0.14
List Price$660,000
MLS StatusActive

Features.

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CityLakeTerritorial

Agent information.

List AgentTaylor Wyman
List OfficeNorthmarq Multifamily, LLC
Austin Hudspeth

Austin Hudspeth

Licensed Broker · John L. Scott Real Estate

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Listed by: Taylor Wyman, Northmarq Multifamily, LLC

Courtesy of Northmarq Multifamily, LLC

Source: NWMLS, MLS#: 2541768NWMLS

NWMLS

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