250 Rainier AveRenton, WA 98057

Property Details for 250 Rainier Ave

Year built

2000

Construction

WOOD

Lot size

0.74 AC

Property size (Sq ft)

1,549 SF

Zone code

CA

Property type

Retail properties

Property subtype

Other automotive properties

APN

182305-9063

APU

1823059063

Description

This exceptional commercial property, located at 250 Rainier Ave S in Renton, Washington, presents a unique investment opportunity. The property boasts a total building size of 1,549 square feet, currently vacant and ready for immediate occupancy. The expansive lot size of 32,359 square feet offers significant potential for expansion or redevelopment. The property is zoned CA and has an APN of 1823059063, situated in King County. Its strategic location in the heart of Renton's retail district provides exceptional visibility and accessibility. Just off Interstate-405 and minutes from the Boeing factory, this property benefits from high traffic volume and proximity to a major employer. The versatility of this site allows for a variety of uses, making it ideal for retail businesses or automotive sales. The property's single-tenant occupancy provides flexibility for future development. Renton's thriving economy and its proximity to Seattle (just 11 miles southeast) further enhance the property's investment appeal. This is a rare opportunity to acquire a well-located commercial property with significant upside potential in a rapidly growing market. The property's zip code is 98057.

• CAP approach

  CAP return

  Valuation

  6%

  $447,096

  6.5%

  $412,704

  7%

  $383,225

• Comparable approach

  Method

  Valuation

  Relative Method

  $995,015

  Geo Method

  $751,732

• Alternative Use

  Use

  Valuation

  Residential

  $348,131

  Hospitality

  $318,886

  Educational

  $265,310

  Medical

  $274,434

  Retail

  $412,704

Location Insight

City

Renton

County

King

State

Washington

Latitude

47.4801

Longitude

-122.217

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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