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Crown Hill Mixed-Use Development Opportunity

652 NW 85th Street #14 Seattle, WA 98117

652 NW 85th Street #14, Seattle, WA, 98117
$950,000
For Sale
$950,000

Multi-family property with mixed-use development potential in Crown Hill.

Days on Market351

Property Features for 652 NW 85th Street #14

General Information

Standard status
Active
Listing agency WINDERMERE RE GREENWOOD
Listed by JACK MALEK
Source Corcoran
Added: Aug 6, 2025 Updated: Mar 16 at 9:09AM 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 WINDERMERE RE GREENWOOD


Investment Insights

Based on property information with market context.

This property presents an opportunity for a multi-family development in Crown Hill Urban Village. Currently operating as a fully leased income property, the site is zoned NC1-55(M), allowing for a mixed-use project. Potential development options include apartments, co-ops, or condos with ground-level commercial space suitable for retail, office, or medical use. The zoning permits up to 16 units and a square footage of up to 41,000. The location benefits from a traffic count of 18,800 to 20,000. The property is also flexible for owner-occupancy with residential lending options. The surrounding area is experiencing increased density due to new NR zoning. Current rents total $4,800, representing a near 5% Cap. The property is located in the heart of Crown Hill-Ballard-Greenwood.

Key Highlights

  • High‑density zoning (NC1‑55(M)) allows for mixed‑use development up to 16 units and 41,000 sq ft.
  • Excellent location in the heart of Crown Hill‑Ballard‑Greenwood.
  • High traffic count (18,800 - 20,000) ideal for commercial spaces.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

(Bike/Boat/Book/etc) Store Auto Parts Store Law Firm Building Supply Electrical Service Big Box & Wholesale Store HVAC Service Storage Facility (Bike/Boat/Book/etc) Store Grocery & Convenience Store

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

FAQs

What type of property is this?
Apartment building - Multi-family property with mixed-use development potential in Crown Hill.
Where is this apartment building located?
The property is located at 652 NW 85th Street #14 Seattle, WA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: High‑density zoning (NC1‑55(M)) allows for mixed‑use development up to 16 units and 41,000 sq ft.; Excellent location in the heart of Crown Hill‑Ballard‑Greenwood.; High traffic count (18,800 - 20,000) ideal for commercial spaces.
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