Fred Meyer Shopping Center Pad

For Sale

485 Rainier Ave S, Renton, WA 98057

This Renton property for sale is located at 485 Rainier Ave S. The general use of Fred Meyer Shopping Center Pad is retail and it incorporates 3,960 square feet of class C retail space. The current listed sale price for Fred Meyer Shopping Center Pad is $1,690,000. Fred Meyer Shopping Center Pad is situated on a lot that is 0.36 acre in size.

Contacts

Ron Waldbaum

Leibsohn & Company

Property Details

  • Property Type Retail - Street Retail
  • Property Size 3,960 SF
  • Units 1
  • Lot Size 0.36 Acre
  • Building Class C
  • Year Built 1960
  • Date Updated May 11, 2026
Located at 485 Rainier Avenue South in Renton, this freestanding retail pad is positioned within a Fred Meyer–anchored shopping center along one of the area’s most heavily traveled commercial corridors. The property offers outstanding visibility and frontage on Rainier Avenue South, which sees approximately 36,348 vehicles per day, and benefits from proximity to the signalized intersection of S Grady Way. The site is well-served by major bus routes and surrounded by dense residential neighborhoods with strong household incomes and a sizable customer base within a 1-, 3-, and 5-mile radius, making it a highly desirable location for retail investment in a proven trade area.Freestanding 3,960 SF retail pad for sale within a Fred Meyer–anchored shopping center in Renton, WA. The property offers excellent visibility and frontage on Rainier Avenue South (36,348 AADT), strong parking, and transit access, supported by dense surrounding demographics and strong household incomes. Offered at a 6.85% proforma cap rate, this is a compelling opportunity to acquire a high-exposure retail asset in an established trade area.
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Highlights

  • Excellent frontage on Rainier Avenue S with 36,348 AADT
  • Freestanding 3,960 SF retail pad on 19,166 SF of land
  • Located within a Fred Meyer–anchored shopping center
  • Offered at a 6.85% proforma cap rate
  • Strong parking ratio of 5.05 per 1,000 SF (20 surface spaces)

Attachments

Getting around

  • 90/100

    Walk Score ®

  • 62/100

    Transit Score ®

  • 63/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Renton, WA
  • Neighborhood Valley
  • Zip Code 98057
  • Market Seattle

Points of Interest

  • Uber Pickup Zone

    2.44 miles

  • Tukwila International Boulevard

    3.50 miles

  • Rainier Beach

    4.34 miles

  • N Gates

    4.52 miles

  • Capital Aeroporter Airport Shuttle

    4.60 miles

  • C Gates

    4.63 miles

  • A Gates

    4.65 miles

  • B Gates

    4.79 miles

  • S Gates

    4.83 miles

  • Kent

    6.46 miles

  • Blink

    0.07 miles

  • Fred Meyer Gas

    0.09 miles

  • Shell

    0.19 miles

  • Safeway

    0.23 miles

  • Chevron

    0.28 miles

  • Speedway Express

    0.35 miles

  • Arco

    0.39 miles

  • Volta

    1.28 miles

  • ChargePoint

    1.61 miles

  • Electrify America

    1.61 miles

  • Renton Fred Meyer Park & Ride

    0.16 miles

  • South Renton Park & Ride

    0.30 miles

  • City View Church Park & Ride

    0.32 miles

  • Bank of America

    0.43 miles

  • City Center Parking Garage

    0.45 miles

  • Service Linen Supply Parking

    0.47 miles

  • WIAA Parking

    0.49 miles

  • First Financial Northwest Bank Employee Parking

    0.60 miles

  • Lot E7

    1.02 miles

  • Lot S1

    1.05 miles

  • Subway

    0.00 miles

  • Jack in the Box

    0.02 miles

  • Jimmy John's

    0.06 miles

  • Chipotle

    0.06 miles

  • Organic Juice Bar and Gyros

    0.08 miles

  • La Rancherita Mexican Cuisine

    0.08 miles

  • Feast Buffet

    0.10 miles

  • Mazatlan Mexican Restaurant

    0.12 miles

  • A&W/KFC

    0.13 miles

  • Chick-fil-A

    0.13 miles

  • Fred Meyer

    0.18 miles

  • Safeway

    0.26 miles

  • Walmart Supercenter

    0.39 miles

  • DK Market

    0.41 miles

  • Uwajimaya

    0.50 miles

  • Marshalls

    1.44 miles

  • Ross

    1.46 miles

  • Target

    1.55 miles

  • Grocery Outlet

    2.04 miles

  • JCPenney

    2.27 miles

Contact Listing Broker
Ron Waldbaum

Leibsohn & Company

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