Seattle Development Acreage 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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