Seattle Land Site For
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505 Harrison Street, Seattle, WA 98109
6,780 SF land site suitable for hotel or multifamily development.
Property Size6,780 SF
Lot Size0.16 Acres
Days on Market151
Property Features for 505 Harrison Street
General Information
Standard status
Active
Size
6,780 SF
Lot size
0.16 Acres
Property subtype
Land
Listing Agency:
(206) 292-6175
Listed By:
Matthew Behrens
(206) 292-6175
Source:
Cbre
Added: Mar 25
Changed: Aug 16
Last Checked: Aug 22 at 12:59PM
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 Matthew Behrens
Investment Insights
Based on property information with market context.
This 0.16-acre (6,780 SF) land site is located at 505 Harrison Street, Seattle, WA 98109. The parcel number is 199120-0400, situated at the cross streets of 5th Avenue and Harrison Street. Zoned SM-UP 160 (M), the site is designated as Mixed Use-Uptown, allowing for development up to 160 feet. Currently a vacant lot, neighboring lots are used as surface lots for short-term parking. The site presents an excellent opportunity for development of a hotel or multifamily project. As one of the closest sites to the Seattle Center, the property benefits from strong leisure demand created by the $1.15 billion redevelopment of Climate Pledge Arena (formerly Key Arena), which reopened on October 22, 2021. Seattle Center, featuring the Space Needle, has evolved into the region’s top gathering place. The new arena is expected to host approximately 200 events per year. The site is located between Uptown and Seattle’s South Lake Union (SLU) tech hub, which includes 170 acres of parks, community amenities, LEED-certified commercial and residential buildings, lakefront access, and various transit options.
Key Highlights
- Development Opportunity: 6,780 SF land site suitable for hotel or multifamily project.
- High‑Density Zoning: SM‑UP 160 (M) zoning allows for development up to 160 feet.
- Proximity to Seattle Center: Benefits from strong leisure demand due to the $1.15 billion Climate Pledge Arena redevelopment.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,588
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 6,780 SF land site suitable for hotel or multifamily development.
Where is this commercial land located?
The property is located at 505 Harrison Street Seattle, WA.
What are key features of this property?
This property features: Development Opportunity: **6,780 SF land site suitable for hotel or multifamily project.**; High‑Density Zoning: SM‑UP 160 (M) zoning allows for development up to 160 feet.; Proximity to Seattle Center: Benefits from strong leisure demand due to the $1.15 billion Climate Pledge Arena redevelopment.
