Zoned Development Land for
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1516 Melrose Ave, Seattle, WA 98122
5,250 sq. ft. parcel zoned NC3P-65 with feasibility supporting 56 studio units, amenity space, and retail.
Property SizeContact for details
Lot Size0.12 Acres
Days on Market125
Property Features for 1516 Melrose Ave
General Information
Standard status
Active
Lot size
0.12 Acres
Property subtype
Land
Zoning
NC3P-65
Listing Agency:
CBRE - Seattle
(206) 898-2089
Listed By:
Spencer Clark · License #WA 110024
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Apr 11 at 1:54AM
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 CBRE - Seattle
Investment Insights
Based on property information with market context.
The 1516 Melrose Avenue Development Site is a 5,250 sq. ft. commercial land parcel offered for sale. The listing materials state the property is back on market with a new feasibility study and a demolition permit in hand. According to the feasibility study by Johnson Braund Inc., the site is zoned NC3P-65 and supports a concept including 56 studio apartment units, 1,700 square feet of amenity space, and 2,259 square feet of retail space.
The site is described as being located in the Pike/Pine corridor, an area with a variety of restaurants, bars, coffee shops, and retail options. Walkscore.com labels the location a “Walkers Paradise” with a score of 97 out of 100 and a “Rider’s Paradise” with a perfect 100 transit score. The Westlake transit center is reported as approximately 0.2 miles away, and the materials also note nearby and directly across-the-street options including Terra Plata Restaurant and the Starbucks Reserve Roastery & Tasting Room.
The site is described as being located in the Pike/Pine corridor, an area with a variety of restaurants, bars, coffee shops, and retail options. Walkscore.com labels the location a “Walkers Paradise” with a score of 97 out of 100 and a “Rider’s Paradise” with a perfect 100 transit score. The Westlake transit center is reported as approximately 0.2 miles away, and the materials also note nearby and directly across-the-street options including Terra Plata Restaurant and the Starbucks Reserve Roastery & Tasting Room.
Key Highlights
- 5,250 sq. ft. development lot at 1516 Melrose Avenue
- Zoned NC3P‑65 with feasibility study supporting 56 studio apartment units
- Feasibility includes 1,700 sq. ft. of amenity space and 2,259 sq. ft. of retail space
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
17,504
Businesses Nearby
Explore this area
Business Placement
Demographics for 98122, WA
41,646
Population
24,942
Households
1.7
Avg Household Size
32
Median Age
72%
College-Educated
98%
High-School Grad
2.3 sq mi
ZIP Area
18,107
Density / Sq Mi
$106,479
Median Household Income
$69,673
Median Earnings
$1,991
Median Rent
$929,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 5,250 sq. ft. parcel zoned NC3P-65 with feasibility supporting 56 studio units, amenity space, and retail.
Where is this commercial land located?
The property is located at 1516 Melrose Ave Seattle, WA.
What are key features of this property?
This property features: 5,250 sq. ft. development lot at 1516 Melrose Avenue; Zoned NC3P‑65 with feasibility study supporting 56 studio apartment units; Feasibility includes 1,700 sq. ft. of amenity space and 2,259 sq. ft. of retail space
