About this home

Exceptional Development Opportunity in Seattle's Growing Rainier Beach Neighborhood! Rare chance for developers, builders, and investors to acquire an LR2-zoned parcel in one of Seattle's rapidly evolving communities. Priced below assessed value, this property offers outstanding upside potential for a variety of residential development options. Builders will appreciate the flexibility of LR2 zoning, making this an excellent site for townhomes, row houses, cottage housing, or apartment-style development (buyer to verify). The location combines strong neighborhood amenities with excellent transit access, creating an attractive setting for future residents. Ideally situated just a short walk from the Rainier Beach Light Rail Station, providing convenient access to Downtown Seattle, Sea-Tac Airport, and major employment centers. Enjoy close proximity to Lake Washington, located less than half a mile away, along with nearby parks, beaches, trails, and recreational opportunities. The Rainier Beach Community Center is just down the block and features fitness facilities, swimming, classes, and community programs. Whether you're looking to build for-sale housing, townhomes, or multifamily units, this is a compelling opportunity to secure a well-located development site in a neighborhood poised for continued growth and investment. Buyer to verify all development potential, zoning regulations, and capacity to their satisfaction.

Property details

Water source

In Street

Sewer

Available, In Street

Utilities

Electricity Available, Natural Gas Available

Costs

Annual taxes

$3,278 (2025)

Location

Seattle, WA 98118