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    2451 Aurora Ave Seattle, WA 98109

    Sponsored
    For Sale
    $1,065,000

    Seattle commercial land, ±19,723 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Seattle commercial land opportunity presents a prime redevelopment site spanning approximately 19,723 square feet. Located on Aurora Avenue North at 2451-2473, this property consists of two parcels (APN 352890-1186 & 352890-1185) zoned C1 – 55 (M), offering a 3.75 FAR. Existing building slabs remain from previous structures, potentially allowing for grandfathered redevelopment options. The site's zoning permits a wide variety of uses, making it highly versatile for future development. This location benefits from proximity to the RapidRide bus line providing convenient access to Downtown Seattle. There's also potential for expansion by assembling this property with the adjacent parcel (APN 352890-1187), adding approximately 5,763 square feet. The asking price for this significant redevelopment opportunity is $1,065,000.

    Property Features for 2451 Aurora Ave

    General Information

    Property type
    Land

    HighLights

    • Two parcels totaling ±19,723 square feet.
    • Parcel Numbers: 352890‑1186 & 352890‑1185.
    • C1‑55 (M) zoning.
    • Potential to add ±5,763 SF by assembling with adjacent parcel (APN 352890‑1187).
    • Existing building slabs allow for potential grandfathered redevelopment.
    • 3.75 FAR allows flexible redevelopment with diverse permitted uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Welcome Inn Motel

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3470088
    Latitude
    47.6413588

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    FAQs

    What type of property is this?
    Land - Seattle commercial land, ±19,723 SF
    Where is this land located?
    The property is located at 2451 Aurora Ave Seattle, WA.
    What is the asking price?
    The asking price for this property is $1,065,000.
    What are key features of this property?
    This property features: Two parcels totaling ±19,723 square feet.; Parcel Numbers: 352890-1186 & 352890-1185.; C1-55 (M) zoning.
    Request Owner's contact information
    2451 Aurora Ave Seattle, WA 98109
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    Seattle, WA 98109
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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
    2451 Aurora Ave Seattle, WA 98109
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