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Development Opportunity Near Beacon Hill
For Sale
$1,890,000

64 XX 32nd Avenue #24-25, Seattle, WA 98118

Large lot near Beacon Hill, Seattle, suitable for development.

Property SizeContact for details
Days on Market461

Property Features for 64 XX 32nd Avenue #24-25

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $12,906
Listing Agency: ENGEL & VOELKERS MERCER ISLAND
Listed By: MICK P HANSON
Source: Corcoran
Added: Jun 10, 2025 Changed: Mar 16 Last Checked: Mar 16 at 9:09AM

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 ENGEL & VOELKERS MERCER ISLAND

Investment Insights

Based on property information with market context.

This property presents a development opportunity with over 30,000 square feet, or 0.69 acres, situated on a mostly level, park-like setting. The RSL-M zoning allows for up to 14 units on this lot, although buyers are advised to verify all information independently. A preliminary feasibility study has been conducted by the seller. The location offers close proximity to Beacon Hill, Downtown Seattle, Light Rail, transit, shopping, dining, schools, and parks. An adjacent home with a 10,439 square foot lot is also available for purchase, potentially creating almost a full acre of development land.

Key Highlights

  • Prime development opportunity with RSL‑M zoning allowing up to 14 units.
  • Large lot size: Over 30,000 sq ft / 0.69 acres in a park‑like setting.
  • Excellent location: Close to Beacon Hill, Downtown Seattle, Light Rail, transit, shopping, dining, schools, and parks.

Property Analytics

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Current Use

Residential land & home ...

Suggested Use

Top Pick Building Supply Real Estate Agency HVAC Service Auto Parts Store Electrical Service Auto Repair Shop

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

913
Businesses Nearby

Demographics for 98118, WA

47,504
Population
19,831
Households
2.4
Avg Household Size
38
Median Age
49%
College-Educated
90%
High-School Grad
6.2 sq mi
ZIP Area
7,662
Density / Sq Mi
$109,085
Median Household Income
$54,827
Median Earnings
$1,831
Median Rent
$746,400
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?
Residential land & home lot - Large lot near Beacon Hill, Seattle, suitable for development.
Where is this residential land & home lot located?
The property is located at 64 XX 32nd Avenue #24-25 Seattle, WA.
What is the asking price?
The asking price for this property is $1,890,000.
What are key features of this property?
This property features: Prime development opportunity with RSL‑M zoning allowing up to 14 units.; Large lot size: Over 30,000 sq ft / 0.69 acres in a park‑like setting.; Excellent location: Close to Beacon Hill, Downtown Seattle, Light Rail, transit, shopping, dining, schools, and parks.
More about this property
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