Interested in purchasing a commercial space through the Business Community Ownership Fund?
Our Business Community Ownership Fund has two brand-new, cold-shell commercial spaces in Rainier Valley available to match with a business owner. If you’re interested in the spaces below, please visit our website for more details on eligibility and reach out to our program staff at OED_BCOF@seattle.gov.
Available commercial spaces (9/24/26):
Atrium Court, 7324 Martin Luther King Jr. Way S., Unit B
- 1,159 square feet
- Type 2 hood possible
- Two-minute walk from the Othello light rail station
Atrium Court, 7324 Martin Luther King Jr. Way S., Unit C
- 792 square feet
- Type 2 hood possible
- Two-minute walk from the Othello light rail station
More about the program:
Our core purpose is leading projects and making investments that open up access to economic opportunities, reduce the racial wealth gap, and encourage innovation and growth. The Business Community Ownership Fund directly leads to all three of those goals by supporting small business owners in priority neighborhoods in the purchase of a retail space, stabilizing rent, and investing in an “anchor institution” for other businesses to grow around.
The BCOF’s goal is to provide financial stability to help keep current neighborhood businesses in place and bring displaced business owners back to their communities. The BCOF partners with established businesses looking to purchase a space for their business to operate out of long-term. We look at the need of the neighborhood and the current establishments to identify partners to help communities thrive. If awarded, businesses become members of an LLC managed by our partners at Grow America, resulting in long-term stable rent.
The funds for a project cover acquisition, fixtures, equipment, financing, and other build-out support. Businesses don’t need to come into the program with equity. They must demonstrate a strong community impact, be responsive through the application process, and meet our eligibility requirements.
Please reach out to our program staff if you have any questions at OED_BCOF@seattle.gov and help us spread the word.
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