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Corner Parking Development Site
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230 Westlake Ave N, Seattle, WA 98109

26-stall parking lot on a corner parcel, positioned for future residential or retail redevelopment under Urban Center zoning.

Property SizeContact for details
Lot Size0.15 Acres
Days on Market101

Property Features for 230 Westlake Ave N

General Information

Standard status Active
Total Parking Spaces 26
Lot size 0.15 Acres
Property subtype LAND
Zoning Seattle Mixed-South Lake Union (Urban Center)
Listing Agency: Lee & Associates Commercial Real Estate Services
Listed By: Stuart Williams
Source: Moodyscre
Added: Jul 2 Changed: Oct 10 Last Checked: Oct 9 at 10:07PM

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 Lee & Associates Commercial Real Estate Services

Investment Insights

Based on property information with market context.

This corner property is a 26-stall parking lot/development site totaling 6,480 square feet. The asset is currently income-producing as a parking lot and is being offered for sale for the first time in more than 30 years.

The site is located at the intersection of Westlake Ave N and Thomas St in South Lake Union. Seattle Mixed–South Lake Union (Urban Center) zoning provides flexibility for future redevelopment, including residential, retail, or other redevelopment scenarios, as well as a long-term hold.

For buyers seeking a parking lot asset with multiple redevelopment pathways, the site’s established use and corner location offer a straightforward foundation for planning future improvements.

Key Highlights

  • Income‑producing 26‑stall parking lot on a corner parcel at Westlake Ave N and Thomas St in South Lake Union
  • 6,480 sq ft site currently operating as a parking lot
  • Seattle Mixed‑South Lake Union (Urban Center) zoning supports future residential, retail, other redevelopment, or long‑term hold

Property Analytics

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Current Use

Parking lots & garages

Suggested Use

Top Pick Pet Grooming Service Daycare Center (Bike/Boat/Book/etc) Store Electrical Service Pet Store Pet Store & Service

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

7,918
Businesses Nearby
Well-served
Demand for This Use

Demographics for 98109, WA

34,551
Population
23,162
Households
1.5
Avg Household Size
32
Median Age
78%
College-Educated
98%
High-School Grad
1.9 sq mi
ZIP Area
18,185
Density / Sq Mi
$130,845
Median Household Income
$104,202
Median Earnings
$2,329
Median Rent
$986,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Parking lot & garage - 26-stall parking lot on a corner parcel, positioned for future residential or retail redevelopment under Urban Center zoning.
Where is this parking lot & garage located?
The property is located at 230 Westlake Ave N Seattle, WA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Income‑producing 26‑stall parking lot on a corner parcel at Westlake Ave N and Thomas St in South Lake Union; 6,480 sq ft site currently operating as a parking lot; Seattle Mixed‑South Lake Union (Urban Center) zoning supports future residential, retail, other redevelopment, or long‑term hold
(425) 417-5078 Call to check price and availability
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