Downtown Mixed-Use Development
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2115 - 2127 5th Ave, Seattle, WA 98121
Three-parcel Downtown Seattle development site zoned Downtown Mixed Commercial in Belltown Urban Center Village Overlay.
Property Size95,760 SF
Lot Size0.45 Acres
Days on Market24
Property Features for 2115 - 2127 5th Ave
General Information
Standard status
Active
Size
95,760 SF
Lot size
0.45 Acres
Property subtype
Land
Zoning
Mixed Commercial DMC 240/290-440
Investment Type
Redevelopment
Building Details
Buildings
3
Units
140
Listing Agency:
Berkadia
Listed By:
Chad Blenz · License #WA 125100
Source:
Crexi
Added: Jul 20
Changed: Aug 8
Last Checked: Aug 9 at 1:10PM
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 Berkadia
Investment Insights
Based on property information with market context.
Development site totaling 0.45 acres across three parcels, marketed for downtown high-density residential, hospitality, and retail development strategies. The offering is described as flexible for multiple development scenarios, including conventional multifamily, mixed-use, and high-density residential tower approaches.
The property is located at 2115–2127 5th Ave, Seattle, within a walkable, amenity-rich area near the Seattle waterfront. The public remarks cite access to more than 330,000 jobs and 60.6 million square feet of office space in the surrounding employment center, along with strong household incomes and a deep renter base.
Zoning is provided as Downtown Mixed Commercial within the Belltown Urban Center Village Overlay. The remarks also reference 24.6% rent growth since 2021 and continued demand outpacing new supply.
The property is located at 2115–2127 5th Ave, Seattle, within a walkable, amenity-rich area near the Seattle waterfront. The public remarks cite access to more than 330,000 jobs and 60.6 million square feet of office space in the surrounding employment center, along with strong household incomes and a deep renter base.
Zoning is provided as Downtown Mixed Commercial within the Belltown Urban Center Village Overlay. The remarks also reference 24.6% rent growth since 2021 and continued demand outpacing new supply.
Key Highlights
- 0.45‑acre Downtown Seattle development site spanning three parcels
- Zoned Downtown Mixed Commercial within the Belltown Urban Center Village Overlay
- Located in a walkable, amenity‑rich area near the Seattle waterfront
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
15,173
Businesses Nearby
Explore this area
Business Placement
Demographics for 98121, WA
21,411
Population
15,781
Households
1.4
Avg Household Size
35
Median Age
78%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
53,528
Density / Sq Mi
$148,974
Median Household Income
$118,893
Median Earnings
$2,329
Median Rent
$796,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Three-parcel Downtown Seattle development site zoned Downtown Mixed Commercial in Belltown Urban Center Village Overlay.
Where is this commercial land located?
The property is located at 2115 - 2127 5th Ave Seattle, WA.
What are key features of this property?
This property features: 0.45‑acre Downtown Seattle development site spanning three parcels; Zoned Downtown Mixed Commercial within the Belltown Urban Center Village Overlay; Located in a walkable, amenity‑rich area near the Seattle waterfront
