$2,500,000
 $13,421 est/mo Sourced by Back At You

5050 Martin Luther King Jr Way S,Seattle, WA 98118

Seattle, WA 98118

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Description

Prime Columbia City LR3 (M) Site - Fully Rented Income Property Outstanding investment opportunity along the MLK transit corridor. This LR3 RC (M)-zoned property sits just blocks from the Columbia City Light Rail Station and is fully rented, providing immediate income while offering strong long-term redevelopment potential. The site features gentle topography, solid solar exposure, and frontage along a major arterial with full sidewalks and light rail transit access. 5 minutes walk Surrounded by single-family, townhome, and multifamily developments, this location supports a wide range of future residential uses. Perfect for investors seeking cash flow now with development upside later in one of Seattle's fastest-growing urban villages.

Details

MLS #2544198
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1951
Days On Site86
Listing Provided BySkyline Properties, Inc. | Carolyn Zheng

Features

SQ Feet2,736
Story(s)2
Units4
ZoningCommercial
Acreage0.14
Property ViewYes

Taxes

Property9516

Area Information

StateWA
CountyKing
CitySeattle
Zip Code98118
Area385 SODO | Beacon Hill
Community NameColumbia City
School DistrictFranklin High
Elementary SchoolM L King Elem
High SchoolFranklin High
Listing VS Median (in Columbia City)
Price:
$2,500,000
low | high
Med:
$744,950
100% of Average
sqft:
2,736
low | high
Med:
1,071
100% of Average
$ / sqft:
$914
low | high
Med:
$715
71.776074649476% of Average
On site:
86
low | high
Med:
39
100% of Average
Sourced by Back At You

Market Activity 98118

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Based on information submitted to the MLS GRID as of September 27, 2026 at 4:35:10 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Learn More About This Property

StateWA
CountyKing
CitySeattle
Zip Code98118
Area385 SODO | Beacon Hill
Community NameColumbia City
School DistrictFranklin High
Elementary SchoolM L King Elem
High SchoolFranklin High
Listing VS Median (in Columbia City)
Price:
$2,500,000
low | high
Med:
$744,950
100% of Average
sqft:
2,736
low | high
Med:
1,071
100% of Average
$ / sqft:
$914
low | high
Med:
$715
71.776074649476% of Average
On site:
86
low | high
Med:
39
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.875M - $3.125M
sqft: 2,000 - 3,000
Nearby Listings Property ImageNearby Listings Details
5060 Renton Avenue Property Photo 1
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$869,990
5210 30th Avenue
Seattle, WA 98108
5426 31st Avenue Property Photo 1
$5,000
5426 31st Avenue
Seattle, WA 98108
Listing Updated: September 22, 2026 at 1:34:41 AM PDT
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