Additional details

Discover Northwest Realty - Land

info@unitedcountrynw.com +1(360) 843-4032

Listed by:John L. Scott, Inc. • Jeanie Van Amen

$1,298,000

Est. payment - /mo

3 Beds

4 Baths

3,593 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial Industrial

Listing Status Active

Purchase Type For Sale

Subdivision South Lake Union

MLS Listing ID 2531426

Style 60 - Comm Bldg Und 10K

Bedrooms 3

Year Built 1909

Annual Tax Amount $13,900

Lot Size 3,593 Sqft

Lot Dimensions 30x119

Property Sub-Type Commercial Industrial

Property Description

Rare investment opportunity in South Lake Union with existing 4-Plex & mixed use zoning-ideal for owner/user! The property is one of the few remaining residential development parcels in the area, offering a myriad of investment options: retain rentals as residential/business/retail units & potentially add up to 3 townhomes on parking surface area; redevelop site w/ 6 townhome units or denser multifamily project & generate income from existing fourplex while awaiting permits. Vacant land next door also for sale separately: with the two parcels combined, offer even more development opportunities. Feasibility work completed! The area is transformed from a low-rise industrial district into one of Seattle's most dynamic tech, biotech & research hubs. The locality now hosts some of WA's largest employers, including Amazon, Google, Meta, University of Washington Medicine, Fred Hutchinson Cancer Research Center, Seattle Cancer Care Alliance. It is a major center for life sciences and biotech, with state-of-the-art lab campuses. The district also attracts tech startups, venture capital firms, and professional service tech-sector companies. The neighborhood offers desirable work/life balance with a 99 walk score; Market Hall-SLU's neighborhood marketplace-is just a block away with specialty boutique shops, local dining and outdoor common deck. Nearby Transit & I-5 Mercer Street Interchange just a few blocks away. Five on-site parking spaces! 5% Rental Cap!

Location

State WA

County King

Area 700 - Queen Anne/Magnolia

Interior

Flooring Ceramic Tile, Hardwood, Softwood, Vinyl, Vinyl Plank

Fireplace false

Exterior

Exterior Feature Metal/Vinyl, Wood

Roof Type Composition

Building

Sewer Sewer Connected

Water Public

Others

Senior Community No

Acceptable Financing Cash, Conventional, Rehab Loan

Listing Terms Cash, Conventional, Rehab Loan

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"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Nearby School & Business

Discover Northwest Realty - Land

Broker | License ID: 90947

+1(360) 843-4032 | info@unitedcountrynw.com

417 Minor AVE N Seattle, WA 98109

Discover Northwest Realty - Land

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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