12733 Lake City Way Northeast Seattle, WA 98125

This redevelopment site, located at 12733 Lake City Way NE, encompasses 17,015 square feet and is zoned NC3P-75 (M). This zoning designation supports a variety of uses, including multifamily housing, mixed-use retail/residential developments, office spaces, and service commercial establishments, with building heights reaching up to 75 feet. The pedestrian overlay encourages active ground-floor uses, and the “M” suffix is associated with Seattle’s Mandatory Housing Affordability program. Situated on Lake City Way NE, a major arterial in North Seattle, the property benefits from high visibility and accessibility. The Lake City area has experienced growth in new housing and mixed-use projects, driven by renter demand and a growing commercial sector. The corridor is anchored by Fred Meyer, Safeway, and Rite Aid, and includes a mix of local restaurants, breweries, and neighborhood services. With zoning that potentially allows for approximately 190,000 square feet of buildable area, this site presents an opportunity for developers to create a mid-rise multifamily or mixed-use project in a corridor that continues to attract residents and businesses.