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    8900 Aurora Ave N Seattle, WA 98103

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    For Sale
    $3,860,000

    Redevelopment site in Green Lake neighborhood with existing income.

    Property size:
    9,024 SF

    Property Features for 8900 Aurora Ave N

    General Information

    Standard status
    Active
    Size
    9,024 SF

    Building Details

    Year built
    1946

    Source: HOTEL REALTY NW Agent MICHAEL MOHN

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

    Overview

    Green Lake Redevelopment Opportunity

    This property presents a redevelopment opportunity in the Green Lake neighborhood. The site is zoned NC3P-75(M). Currently, there is an older 38-unit motel on the premises, which can provide interim cash flow while predevelopment activities are underway. The property size is 9024 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Oaktree Motel Motel

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

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

    Similar Places Nearby

    Travelodge by Wyndham Seattle North of Downtown, Greenlake Guest House, Everspring Inn, Home-Aurora, Lakefront Craftsman

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3437611
    Latitude
    47.6933868

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    FAQs

    What type of property is this?
    Motel - Redevelopment site in Green Lake neighborhood with existing income.
    Where is this motel located?
    The property is located at 8900 Aurora Ave N Seattle, WA.
    What is the asking price?
    The asking price for this property is $3,860,000.
    What are key features of this property?
    This property features: - Prime redevelopment site, offering significant potential.; - NC3P-75(M) zoning provides flexibility for various development options.; - Located in the desirable Green Lake neighborhood.
    Request Owner's contact information
    8900 Aurora Ave N Seattle, WA 98103
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    Seattle, WA 98103
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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
    8900 Aurora Ave N Seattle, WA 98103
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