Southern Rice Apartments

3208 Rainier Ave S, Seattle, WA 98144

  • For Sale $4,450,000
  • Property Type Retail - Street Retail
  • Property Size 15,117 SF
  • Lot Size 0.17 Acre
  • Additional Rent Contact for pricing
  • Building Class C
  • Date Updated Dec 11, 2024
The Southern Rice Apartments building is situated on the periphery of Seattle’s dynamic Mt. Baker area, known for its blend of historic charm and modern urban amenities. Placed along Rainier Avenue South, this location offers residents easy access to an array of dining, shopping, and entertainment options. The commercial corridor features local businesses, trendy cafes, ethnic eateries, and boutique shops, creating a lively atmosphere that attracts both residents and visitors alike. Additionally, Mt. Baker is celebrated for its community-focused events, fostering a strong sense of community among its residents.NAI Puget Sound Properties is pleased to exclusively offer for sale the Southern Rice Apartments. The property is a highly visible, mixed-use building located on one of Seattle’s most well-known arterials, and offers investors an opportunity to substantially increase the rental income and cash flow over time. The property is very well situated both locally and regionally, and the outlook for the neighborhood is strong for long-term growth and redevelopment.
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Attachments

Highlights

  • Total Units: 2 Commercial Spaces and 12 apartments
  • Parking: 2 spaces
  • Year Built: 2018
  • Construction Type: Wood frame
  • Property SF: 13,708 (KC records) / 15,117 Owner Records
  • Lot Size: 7,523 (KC records)
  • KC Parcel # 128230-0260
  • Zoning SM-NR 95 (M)
  • 3 blocks away from Mt. Baker light rail station
  • Close to I-5, I-90, downtown Seattle and the First Hill Medical Community
  • Spacious apartments with modern finishes
  • Value-add opportunity with vacant retail units and under-market apartment rents
  • Price $4,450,000 (Price/SF: $295)
  • CAP Rate: 4.30% actual / 6.25% proforma

Contacts

broker
Billy Poll

NAI Puget Sound Properties

Location

Getting Around

  • Walk Score ®

    87/100 Very Walkable

  • Transit Score ®

    69/100 Good Transit

  • Bike Score ®

    81/100 Very Bikeable
Powered by Walk Score ®
  • City Seattle, WA
  • Neighborhood Mount Baker
  • Zip Code 98144
  • Market Seattle

Points of Interest

  • Beacon Hill

    0.83 miles

  • Stadium

    1.87 miles

  • 12th & Jackson

    1.94 miles

  • 14th & Washington

    1.99 miles

  • 7th & Jackson

    2.13 miles

  • Yesler & Broadway

    2.19 miles

  • 5th Avenue & King

    2.22 miles

  • International District/Chinatown

    2.23 miles

  • 5th & Jackson

    2.24 miles

  • 5th Avenue & Jackson

    2.26 miles

  • 76

    0.23 miles

  • Arco

    0.25 miles

  • Safeway Fuel Station

    0.45 miles

  • Dinoco

    0.68 miles

  • Shell

    0.86 miles

  • Gulf

    1.11 miles

  • Charge Seattle

    1.57 miles

  • Gull

    1.59 miles

  • ChargePoint

    1.89 miles

  • eVgo

    2.56 miles

  • Columbia City Public Parking

    1.30 miles

  • Pacific Medical Garage

    1.53 miles

  • West Garage

    1.60 miles

  • Charles Street Employee Parking

    1.74 miles

  • Lot 15

    1.80 miles

  • Diamond Parking

    1.82 miles

  • Metro Employee Parking

    1.86 miles

  • Starbucks Center Parking

    1.89 miles

  • Starbucks Center employee parking

    1.96 miles

  • T-Mobile Park Garage

    2.00 miles

  • Wingstop

  • Little Chengdu

    0.02 miles

  • Cafe Ibex

    0.11 miles

  • Thien Phat

    0.13 miles

  • Philly's

    0.13 miles

  • Rainier Teriyaki

    0.13 miles

  • Vieng Thong

    0.20 miles

  • Red Sea

    0.21 miles

  • Tacos El Asadero

    0.26 miles

  • Thai Recipe

    0.28 miles

  • Mekong Rainier Supermarket

    0.16 miles

  • QFC

    0.37 miles

  • Safeway

    0.51 miles

  • Ross

    0.55 miles

  • Hilltop Red Apple Market

    0.87 miles

  • La Esperanza Mercado y Carniceria

    0.94 miles

  • Seattle Super Market

    1.16 miles

  • PCC Community Market

    1.17 miles

  • Big John's PFI

    1.64 miles

  • Amazon Fresh

    1.70 miles

Frequently Asked Questions

How much does Southern Rice Apartments cost?

The space currently listed for sale at Southern Rice Apartments asks for $4,450,000.

What is the total square footage of Southern Rice Apartments?

Southern Rice Apartments totals 15,117 square feet.

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Contact Listing Broker
broker
Billy Poll

NAI Puget Sound Properties