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    415 Westlake Ave N Seattle Seattle, WA 98109

    For Sale
    $25,500,000

    Multifamily tower development site in Seattle's South Lake Union.

    Property size:
    19,440 SF

    Property Features for 415 Westlake Ave N Seattle

    General Information

    Standard status
    Active
    Size
    19,440 SF

    Building Details

    Year built
    2025

    Source: HEARTLAND, LLC Agent DOUG LARSON

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    South Lake Union Development Site

    This is a multifamily tower development site situated in the South Lake Union submarket of Seattle. The property's location offers excellent access and walkability. The site's potential is enhanced by its view opportunities. The property size is 19440 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    415 Westlake Event Venue Emerald City Music Concert Hall 415 Westlake Ave ... Parking Lot Union Church Presbyterian Church kakao Dessert Shop

    Suggested Use

    Realty agency Spa & Massage Restaurant Dental Office Law Firm Hair Salon Nail Salon Building Supply Clothing Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3388191
    Latitude
    47.6225377

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    FAQs

    What type of property is this?
    Commercial land - Multifamily tower development site in Seattle's South Lake Union.
    Where is this commercial land located?
    The property is located at 415 Westlake Ave N Seattle Seattle, WA.
    What is the asking price?
    The asking price for this property is $25,500,000.
    What are key features of this property?
    This property features: - Multifamily tower development site in Seattle's South Lake Union.; - Excellent access and walkability.; - View potential.
    Request Owner's contact information
    415 Westlake Ave N Seattle Seattle, WA 98109
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    Seattle, WA 98109
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    415 Westlake Ave N Seattle Seattle, WA 98109
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