Marketing Description:

Introducing Claremont North, a prime development opportunity near the Mount Baker Light Rail Station in Seattle's Urban Growth Area. This fully entitled property at 3416 Claremont Avenue South, Seattle, WA, offers two adjacent parcels totaling 0.21 acres for a proposed project with 36 units in two conjoined buildings.The site is zoned LR2 (M3) with an urban village overlay, presenting an excellent investment potential for savvy developers. Boasting proximity to Downtown Seattle, major interstates, and prominent tech companies like Amazon, Google, Apple, and Meta, its strategic location caters to an array of residential needs and accessibility to key employment centers. With an average effective rent of $2,132 per month in the Capitol Hill/Central District submarket, investors can capital