Seattle Development Project with
For Sale
$1,990,000
Pending
10516 Lake City Way NE, Seattle, WA 98125
Development project with permits for 18-unit apartment in Seattle.
Property SizeContact for details
Days on Market494
Property Features for 10516 Lake City Way NE
General Information
Standard status
Pending
Property subtype
Commercial
Building Details
Year Built
1948
Listing Agency:
WINDERMERE R.E. MIDTOWN LAKEVIEW
(206) 527-5445
Listed By:
LARRY WILCYNSKI
Source:
Corcoran
Added: Apr 17, 2025
Changed: Jul 6
Last Checked: Jul 23 at 7:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of WINDERMERE R.E. MIDTOWN LAKEVIEW
Investment Insights
Based on property information with market context.
This development project is underway in a Seattle location. Existing building permits are available to complete an 18-unit apartment building. The NC3-55 (M) zoning offers potential for increased density. The existing structure and plan, adapted from the Don Willis furniture store and warehouse, features a unit mix, soaring ceilings with exposed timber beams, and 26 parking stalls. The property is located near major transit options, retail, dining, and entertainment, including the 41-acre Northgate Station redevelopment. This project offers momentum and potential.
Key Highlights
- Prime Seattle location near major transit, retail, dining, and entertainment, including the Northgate Station redevelopment.
- Existing building permits in place for an 18‑unit apartment development.
- NC3‑55 (M) zoning offers potential for increased density beyond the current plan.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
589
Businesses Nearby
Explore this area
Business Placement
Demographics for 98125, WA
42,965
Population
21,493
Households
2
Avg Household Size
37
Median Age
61%
College-Educated
94%
High-School Grad
5.4 sq mi
ZIP Area
7,956
Density / Sq Mi
$96,725
Median Household Income
$61,552
Median Earnings
$1,856
Median Rent
$844,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Development project with permits for 18-unit apartment in Seattle.
Where is this apartment building located?
The property is located at 10516 Lake City Way NE Seattle, WA.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: Prime Seattle location near major transit, retail, dining, and entertainment, including the Northgate Station redevelopment.; Existing building permits in place for an 18‑unit apartment development.; NC3‑55 (M) zoning offers potential for increased density beyond the current plan.
