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    1175 Harrison St Seattle, WA 98109

    For Sale
    $1,750,000

    Mixed-use development opportunity in the heart of Seattle's South Lake Union.

    Property size:
    4,050 SF

    Property Features for 1175 Harrison St

    General Information

    Standard status
    Active
    Size
    4,050 SF

    Building Details

    Year built
    1951

    Source: COMPASS Agent CHRISTINA CHONG

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    South Lake Union Development Opportunity

    This property presents a multifamily and retail development opportunity in the South Lake Union area of Seattle. The site features a 4050 square foot building on a 4200 square foot lot. Zoned SM-SLUR 65/95, the property allows for mixed-use developments, with a maximum height of 65 feet for non-residential use and 95 feet for base residential use. The zoning targets developments that promote walkability and transit access, aiming to create a vibrant mix of residential and non-residential uses. This is one of two remaining lots available for development on this block, surrounded by other mixed multifamily developments and adjacent to Cascade Playground. The location provides convenient access to South Lake Union, Capitol Hill, the Space Needle, Amazon, Google, REI, and Whole Foods. It is situated across the street from Cascade Playground and a couple of blocks from I-5, between 520 and I-90.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mastercraft Metal Finishing Plating Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3332514
    Latitude
    47.6218182

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use development opportunity in the heart of Seattle's South Lake Union.
    Where is this mixed-use property located?
    The property is located at 1175 Harrison St Seattle, WA.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: - Prime South Lake Union location: Coveted area in the heart of Seattle.; - High-density zoning (SM-SLUR 65/95): Allows for mixed-use development up to 95 feet for residential and 65 feet for non-residential.; - Rare development opportunity: One of two remaining lots on the block.
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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
    1175 Harrison St Seattle, WA 98109
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