765 Rainier AveRenton, WA 98057

Property Details for 765 Rainier Ave

Year built

1966

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.78 AC

Property size (Sq ft)

4,800 SF

Zone code

CA

Property type

Auto shops

APN

192305-9073

APU

1923059073

Description

This exceptional commercial property, located at 765 S Rainier Ave Unit B in Renton, WA, presents a unique opportunity for a variety of businesses. Priced at $8,000, this general commercial space boasts a highly desirable location with excellent visibility and easy access to major transportation arteries, including I-5 and the 405 freeway. The building itself features three spacious bays, providing ample room for various uses. A well-appointed lobby and dedicated office space add to the property's functionality and professional appeal. The generous parking area ensures convenient access for customers and employees. The versatility of this space lends itself to a wide range of business concepts. Imagine an oil change or repair shop, a vibrant restaurant, a sophisticated reception hall, or a trendy taproom – the possibilities are virtually limitless. This property offers a compelling combination of prime location, functional design, and significant potential for growth. The asking price translates to $28.00 per square foot, representing a strong value in the current market. Don't miss this chance to secure a thriving business location in a high-traffic area. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $1,152,490

  6.5%

  $1,063,830

  7%

  $987,846

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,272,480

  Geo Method

  $961,359

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,156,960

  Mixed-Use / Specialty

  $1,026,750

  Hospitality / Lodging

  $709,956

  Office

  $985,982

  Institutional / Educational

  $1,055,510

  Residential Income

  $1,234,950

  Multifamily

  $1,665,680

  Automotive / Energy

  $904,725

  Parking / Income-Based Land

  $345,098

  Restaurant / Food Service

  $462,979

  Healthcare / Senior Housing

  $1,087,050

Location Insight

City

Renton

County

King

State

Washington

Latitude

47.4717

Longitude

-122.218

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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