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California Avenue Redevelopment Opportunity
For Sale
$1,100,000

3449 California Ave SW, Seattle, WA 98116

Redevelopment site near Alaska and Admiral Junctions.

Property SizeContact for details
Days on Market586

Property Features for 3449 California Ave SW

General Information

Standard status Active

Building Details

Year Built 1917
Listing Agency: COMMERCIAL PROPERTIES NW
Listed By: MARCO SPANI
Source: Corcoran
Added: Jan 11, 2025 Changed: Mar 16 Last Checked: Mar 16 at 9:08AM

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 COMMERCIAL PROPERTIES NW

Investment Insights

Based on property information with market context.

This is a redevelopment site located on California Avenue with dimensions of 50 ft. x 117 ft. It offers a potential FAR of up to 10,530 sq. ft., with the buyer responsible for verifying this figure. Plans are available for a 5-unit townhouse development, and the project is nearing building permit issuance. A tenant relocation permit has been secured. The property can be delivered vacant upon closing. A new side sewer has been installed. The location is situated between the Alaska Junction and Admiral Junction, with a walk score of 89.

Key Highlights

  • Redevelopment site on California Ave. with high FAR potential (up to 10,530 sq. ft., buyer to verify).
  • Plans available for a 5‑unit townhouse development; project near building permit issuance.
  • Tenant relocation permit obtained; property can be delivered vacant.

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Food Market Barber Shop Electrical Service (Bike/Boat/Book/etc) Store Fish Market Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,074
Businesses Nearby

Demographics for 98116, WA

27,691
Population
14,652
Households
1.9
Avg Household Size
41
Median Age
69%
College-Educated
98%
High-School Grad
3.0 sq mi
ZIP Area
9,230
Density / Sq Mi
$130,504
Median Household Income
$86,680
Median Earnings
$2,033
Median Rent
$917,000
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Redevelopment site near Alaska and Admiral Junctions.
Where is this commercial land located?
The property is located at 3449 California Ave SW Seattle, WA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Redevelopment site on California Ave. with high FAR potential (up to 10,530 sq. ft., buyer to verify).; Plans available for a 5‑unit townhouse development; project near building permit issuance.; Tenant relocation permit obtained; property can be delivered vacant.
More about this property
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