118 27th Avenue

Seattle, WA 98144

About this property

Prime Central District development opportunity!! 4,900 sq ft corner lot zoned LR2 (M) with an 8-unit townhouse project already in the final correction stage with the City of Seattle. Much of the design and permitting work has been completed, giving the next owner a valuable head start toward redevelopment. Architectural fees and third-party consultant fees have already been paid, adding even more value for the next owner. Existing triplex provides interim income potential with one 2BD/1BA unit and two 1BD/1BA units, with a shared laundry. Separate meters and driveways on both sides of the lot add flexibility. Grab your shovel, and get ready to unlock the full potential of this well-positioned CD site. Request marketing file for full project description. Buyer to verify all information to their satisfaction.

About this property

Prime Central District development opportunity!! 4,900 sq ft corner lot zoned LR2 (M) with an 8-unit townhouse project already in the final correction stage with the City of Seattle. Much of the design and permitting work has been completed, giving the next owner a valuable head start toward redevelopment. Architectural fees and third-party consultant fees have already been paid, adding even more value for the next owner. Existing triplex provides interim income potential with one 2BD/1BA unit and two 1BD/1BA units, with a shared laundry. Separate meters and driveways on both sides of the lot add flexibility. Grab your shovel, and get ready to unlock the full potential of this well-positioned CD site. Request marketing file for full project description. Buyer to verify all information to their satisfaction.

Features and Additional Information

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$1,150,000 Active
1,570 sqft

Presented By Coldwell Banker 360 Team

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Brokerage
Keller Williams Realty Bothell
1-425-482-6100
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Area Information

390 Central Seattle | King County | Judkins

$ 1,150,000
This listing is play_arrow 48.4% higher than the average in the area
$ 775,000 in the area
1,570 SqFt
This listing is play_arrow 13.4% larger than the average in the area
1,384 SqFt in the area
$ 732 $/SqFt
This listing is play_arrow 30.8% more than the average in the area
$ 560 $/SqFt in the area
160 days on site
This listing is play_arrow 3100.0% above the average in the area
5 days on site in the area

Schools in the Area

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    Elementary School
    Leschi
  • turned_in
    Middle School
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    High School
    Garfield High

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Listed By Erica Alexei
Brokerage: Keller Williams Realty Bothell

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