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 2028no City review delayand 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 foota rare, permit-ready foundation in one of Seattle's fastest-evolving submarkets.
| MLS # | 2541768 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 79 |
| Listing Provided By | Northmarq Multifamily, LLC | Taylor Wyman |
| Zoning | LR3 (M2) / Urban Village |
|---|---|
| Acreage | 0.14 |
| Property View | Yes |
| Property | 3119 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98118 |
| Area | 380 Southeast Seattle |
| Community Name | Seattle |
| School District | Rainier Beach High |
| Elementary School | Dunlap |
| High School | Rainier Beach High |
| Listing VS Median (in Seattle) | |
Price: $660,000 low | high Med: $650,000 On site: 79 low | high Med: 54 | |
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98118 |
| Area | 380 Southeast Seattle |
| Community Name | Seattle |
| School District | Rainier Beach High |
| Elementary School | Dunlap |
| High School | Rainier Beach High |
| Listing VS Median (in Seattle) | |
Price: $660,000 low | high Med: $650,000 On site: 79 low | high Med: 54 | |