Property details

Seattle Development Land For Sale, Northwest Region

Property Description

Rare Opportunity!

Approx. 19 acres recently zoned R24 located in the hot market of Seattle, WA.

$7,500,000 was paid for 6.4 acres 6 blocks down the street from this property in 2007 upon which ~500 apartment units were built and leased at $11 per sq ft.

Water, electricity, and sewer on property.

Geotech available upon request.

Site has City, golf course, mountain, territorial, and river views.

Flexible seller willing to offer owner financed terms for the right buyer.

R24 zoning allows 24 single family dwelling units per acre.

Although the 476 units are apartments and that is most likely the highest and best use in the area, many believe that a high density single family development would be extremely profitable.

A combination of SFR and apartments may also work as well.

A parcel this large in Seattle allows for more options than most in the area are accustomed to.


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Property Information

Property Type:
Industry Type:
Land Area:
19.00 acres
Purchase Tenure:
Fee Simple

Existing financing information


The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.