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    5722 35Th Ave Seattle, WA 98118

    Sponsored
    For Sale
    $8,200,000

    Prime Seattle land, 258-unit potential, ideal location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 8.2 million dollar land parcel, located at 5722 35th Avenue S in Seattle, Washington, presents a unique opportunity for high-density development. Zoned NC2-75, it offers the potential for a 258-unit mixed-use project. The seller has recently submitted the final revision for this project. Situated in a vibrant and diverse neighborhood at the intersection of Columbia City, Hillman City, and Beacon Hill, this location benefits from a strong sense of community and a multicultural atmosphere. Residents enjoy diverse dining and shopping options. Its convenient proximity to downtown Seattle and major transportation routes enhances its appeal. The property is just two blocks from the new S Graham St Light Rail Station and conveniently located near a major bus line, ensuring excellent transit access. The property may also qualify for a Multi-Family Tax Exemption, offering potential tax advantages for the developer. This is a rare opportunity to acquire a large, well-located parcel in a rapidly growing area of Seattle with significant development potential. The King County address is 5722 35th Avenue S, Seattle, WA 98118.

    Property Features for 5722 35Th Ave

    General Information

    Property type
    Land

    HighLights

    • $8,200,000 asking price.
    • 258‑unit mixed‑use development potential.
    • Located in Seattle, WA, in the vibrant Columbia City/Beacon Hill neighborhood.
    • Zoned NC2‑75.
    • Two blocks from the new S Graham St Light Rail Station and near major bus lines.
    • Potential for Multi‑Family Tax Exemption.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.288543
    Latitude
    47.550256

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    FAQs

    What type of property is this?
    Land - Prime Seattle land, 258-unit potential, ideal location.
    Where is this land located?
    The property is located at 5722 35Th Ave Seattle, WA.
    What is the asking price?
    The asking price for this property is $8,200,000.
    What are key features of this property?
    This property features: $8,200,000 asking price.; 258-unit mixed-use development potential.; Located in Seattle, WA, in the vibrant Columbia City/Beacon Hill neighborhood.
    Request Owner's contact information
    5722 35Th Ave Seattle, WA 98118
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    Seattle, WA 98118
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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
    5722 35Th Ave Seattle, WA 98118
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