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Listed by:eXp Realty • Charity Hill
$ 2,500,000
Est. payment | /mo
0.67 Acres Lot
$ 2,500,000
Est. payment | /mo
0.67 Acres Lot
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Columbia City
MLS Listing ID 2562660
Style 64 - Hotel/Motel
Annual Tax Amount $14,852
Lot Size 0.669 Acres
Property Sub-Type Commercial Industrial
Property Description
Western Parcel offers a rare opportunity to develop an 88-unit multifamily project in one of Seattle's most connected and rapidly growing neighborhoods. The project has successfully completed Early Design Guidance, allowing the next owner to move efficiently toward permitting and construction. Located at the intersection of Columbia City, Hillman City, and Beacon Hill, the site benefits from a vibrant and culturally rich community known for its diverse dining, retail, arts, and entertainment options. The neighborhood's strong identity and growing demand for housing continue to attract residents seeking an authentic urban lifestyle. The property is ideally positioned just two blocks from the future South Graham Street Light Rail Station, providing direct access to Downtown Seattle, Sea-Tac Airport, and the greater Puget Sound region. The site also offers convenient access to major bus routes and transportation corridors, supporting a highly walkable and transit-oriented living experience. Surrounded by parks, schools, employment centers, and daily amenities, Western Parcel is well suited for a modern residential development that combines urban accessibility with neighborhood character. The project may also qualify for Seattle's Multi-Family Tax Exemption (MFTE) program, enhancing long-term investment potential.
Location
State WA
County King
Area 385 - Sodo/Beacon Hill
Interior
Fireplace false
Building
Sewer Available
Water Public
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.