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    9739 Greenwood Ave N Seattle, WA 98103

    For Sale
    $1,399,000

    0.21-acre lot, C1-55(M) zoning, redevelopment potential.

    Property size:
    8,960 SF

    Description

    Added:
    Jan 9, 2025
    Days on Market:
    333
    This exceptional 0.21-acre industrial property, located at 9739 Greenwood Ave N in Seattle, WA, 98103, presents a unique owner-user opportunity. The 8,960 square foot lot is zoned C1-55(M), offering significant redevelopment potential. Preliminary assessments suggest the possibility of constructing approximately 50 apartment units or approximately 10 live-work/townhouse units. The site currently features an out-of-service auto-body repair shop. An existing billboard lease is in place, but can be removed to facilitate redevelopment. This transit-oriented location provides excellent accessibility. The seller is open to offers contingent upon securing necessary permits. This is an exceptional opportunity for an investor or developer seeking a prime location in Seattle's dynamic real estate market. The asking price is $1,399,000. Serious inquiries only.

    Property Features for 9739 Greenwood Ave N

    General Information

    Property type
    Other investment properties
    Investment Type
    owner-user
    Square Feet
    8,960 SF
    Price / Square Foot
    $156
    Elevators
    N/A
    Lot Size
    9,148 SF

    HighLights

    • Prime 0.21‑acre Seattle lot, zoned C1‑55(M), ideal for redevelopment.
    • Potential to construct up to 50 apartments or 10 live‑work units.
    • Existing building and billboard lease allow for flexible redevelopment options.
    Insight Report Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    State
    Washington
    Longitude
    -122.355819
    Latitude
    47.700872

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    FAQs

    What type of property is this?
    Investment property - 0.21-acre lot, C1-55(M) zoning, redevelopment potential.
    Where is this investment property located?
    The property is located at 9739 Greenwood Ave N Seattle, WA.
    What is the asking price?
    The asking price for this property is $1,399,000.
    What are key features of this property?
    This property features: Prime 0.21-acre Seattle lot, zoned C1-55(M), ideal for redevelopment.; Potential to construct up to 50 apartments or 10 live-work units.; Existing building and billboard lease allow for flexible redevelopment options.
    (206) 812-9123
    Request Owner's contact information
    9739 Greenwood Ave N Seattle, WA 98103
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    Seattle, WA 98103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    9739 Greenwood Ave N Seattle, WA 98103
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