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$4,000,000

  • For Sale
  • Active
  • Industrial

Listed by Ton N. Nguyen | 360 Pacific | (206) 850-0107

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Exceptional development opportunity featuring an existing building on the prime corner of Rainier Ave S and S King St. The property is zoned DMRC 757595 and offers a 9,000 sq ft lot with a 9,900 sq ft building. Located in the International District, just minutes from the Stadium District, Pioneer Square, SoDo, Capitol Hill, and the Seattle CBD, with convenient access to I-5 and I-90 on/off ramps. Ideal for a multi-tiered residential project with ground floor retail.

Full Property Details for 421 Rainier Ave S

General

  • Price: $4,000,000
  • Taxes: $29,445 (2025)
  • Status: Active
  • Type: Industrial
  • Source: NWMLS
  • MLS ID: 2485935
  • Updated: 3/2/2026
  • Added to Site: 33 day(s) ago

Interior

  • Flooring: Engineered Hardwood

Parking

  • Uncovered Spaces: 12

Location

  • Area: 390 - Central Seattle
  • County: King
  • Subdivision: International District
  • Driving Directions: East on Jackson, right on Rainier Ave S property is on the right.

Heating & Cooling

  • Heating Type: Baseboard

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Unspecified
  • Exterior Const.: Brick, Wood Products
  • Foundation: Poured Concrete
  • Roof: Torch Down
  • Office: 9,900 Sq. Ft.
  • Year Built: 1958

Lot Features

  • Lot Size (Acres): 0.2066
  • Lot Size (Sq. Ft.): 9,000
  • Lot Dimensions: 9000
  • Zoning: Commercial

Financial Considerations

  • Tax Amount: $29,445
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 3320000555

Listed by Ton N. Nguyen | 360 Pacific | (206) 850-0107

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 421 Rainier Ave S

School District:Seattle School District
NameGradesDistance
Gatzert Elementary School
1301 East Yesler Way, Seattle, WA 98122
PK-50.2 mi
Washington Middle School, Seattle, WA
2101 South Jackson Street, Seattle, WA 98144
6-80.5 mi
Garfield High School
400 23rd Avenue, Seattle, WA 98122
9-120.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 421 Rainier Ave S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/02/2026
Listed
$4,000,000
175.86%
MLS
2/07/2017
Sold
$1,450,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 421 Rainier Ave S

Year
Property Taxes
Change
Tax Assessment
Change
2024
$29,445
9%
$2,988,900
6%
2024
$27,006
9%
$2,832,700
—
2022
$24,711
—
$2,832,700
9%
2021
$24,821
—
$2,593,100
4%
2021
$24,821
38%
$2,503,600
39%
2020
$18,030
26%
$1,801,000
14%
2019
$14,360
-8%
$1,576,000
4%
2018
$15,654
4%
$1,508,900
—
2017
$15,039
1%
$1,505,200
3%
2016
$14,916
3%
$1,464,500
—
2015
$14,501
-9%
$1,464,500
—
2014
$15,904
—
$1,464,500
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Ton N. Nguyen | 360 Pacific | (206) 850-0107

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421 Rainier Avenue S, Seattle, WA 98144 (MLS# 2485935) is a Industrial property. 421 Rainier Avenue S is currently listed for $4,000,000 and was received on March 02, 2026. Want to learn more about 421 Rainier Avenue S? Do you have questions about finding other Industrial real estate for sale in Broadway? You can browse all Broadway real estate or contact a Coldwell Banker agent to request more information.

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