$1,375,000
Multi-Family Development Site
Listing Type: For Sale
Property Type: Land, Office
Status: Available
CBA ID#: 672406
Property Type: Land, Office
Status: Available
CBA ID#: 672406
Marketing Description:
Development Opportunity in Seattle's rapidly transforming Northgate neighborhood. NC2-75(M1) zoned property. Minutes from Northgate Light Rail Station. All utilities available and connected to current dwelling on property. Current 2-story dwelling rented at $4000/mo. Collect rents during entitlements. Ideal opportunity to invest in an area with dramatically evolving demographics. Site falls within the Northgate Urban Center overlay. Buyer to cooperate with Seller 1031 exchange.Land Features:
- Lot Size: 6970 SqFt
- Lot Acreage: 0.157 Acres
- Zoning: NC2-75(M1)
Building Features:
- Building Size: 2010 SqFt
- Available Space: 6828 SqFt
- Number of Floors: 1
- Cap Rate: 3.36%
- Construction: Wood
- Year Built: 1955
This Listing Supplied Courtesy of Blue Pacific RE Inc.
Information is based on data available to the associate, including county records.
The information has not been verified by the associate and should be verified by the buyer.
The information has not been verified by the associate and should be verified by the buyer.
Properties with the CBA logo are listed by the Commercial Brokers Association
The associate of this site is not a multiple listing service but is a member of a local MLS.
