5050 Martin Luther King Jr Way S

Seattle, WA 98118

About this property

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.

About this property

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.

Features and Additional Information

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$2,500,000 Active
2,736 sqft

Presented By Coldwell Banker 360 Team

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Get in touch today! Phone: 1-360-675-5915
Brokerage
Skyline Properties, Inc.
1-425-455-2065
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Area Information

385 SODO | Beacon Hill | King County | Columbia City

$ 2,500,000
This listing is play_arrow 266.8% higher than the average in the area
$ 681,500 in the area
2,736 SqFt
This listing is play_arrow 74.1% larger than the average in the area
1,572 SqFt in the area
$ 914 $/SqFt
This listing is play_arrow 106.3% more than the average in the area
$ 443 $/SqFt in the area
130 days on site
This listing is play_arrow 490.9% above the average in the area
22 days on site in the area

Schools in the Area

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    Elementary School
    M L King Elem
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    Middle School
    Aki Kurose
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    High School
    Franklin High
Listed By Carolyn Zheng
Brokerage: Skyline Properties, Inc.

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