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    13020 1St Ave Seattle, WA 98125

    For Sale
    $8,300,000

    Prime 0.83-acre lot near light rail.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 0.83-acre commercial land parcel, located at 13020 1st Ave NE in Seattle, WA 98125 (APN 1787600285), presents a unique development opportunity. Zoned SF 7200, the property offers significant potential for future development, given its proximity to key amenities and infrastructure. The asking price is $8,300,000, translating to a land value of $105.74 per square foot. Situated a short walk from the new 130th Street Light Rail Station and Northacres Park, this location provides convenient access to public transportation, green space, and essential services. Furthermore, its proximity to the University of Washington Medical Center and Ingraham High School adds to its appeal. The site is within the ½-mile “Station Area Plan,” and is currently undergoing an Environmental Impact Statement (EIS) review by the Seattle Office of Planning and Community Development, exploring potential rezoning for multi-family mixed-use development, allowing for taller buildings (up to 85 feet) within the Urban Village designation. All information should be independently verified by the buyer. This is a rare chance to shape the future of a rapidly developing Seattle neighborhood.

    Property Features for 13020 1St Ave

    General Information

    Property type
    Land
    Lot Size
    36,155 SF

    HighLights

    • 0.83‑acre commercial land parcel in Seattle, WA (APN 1787600285) at 13020 1st Ave NE.
    • Zoned SF 7200, offering significant development potential.
    • Asking price: $8,300,000 ($105.74/sq ft).
    • Conveniently located near the 130th Street Light Rail Station and Northacres Park.
    • Proximity to University of Washington Medical Center and Ingraham High School.
    • Located within the 1⁄2‑mile Station Area Plan; undergoing EIS review for potential multi‑family mixed‑use rezoning (up to 85 ft).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3286394
    Latitude
    47.7237623

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    FAQs

    What type of property is this?
    Land - Prime 0.83-acre lot near light rail.
    Where is this land located?
    The property is located at 13020 1St Ave Seattle, WA.
    What is the asking price?
    The asking price for this property is $8,300,000.
    What are key features of this property?
    This property features: 0.83-acre commercial land parcel in Seattle, WA (APN 1787600285) at 13020 1st Ave NE.; Zoned SF 7200, offering significant development potential.; Asking price: $8,300,000 ($105.74/sq ft).
    (425) 212-2007
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    Seattle, WA 98125
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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
    13020 1St Ave Seattle, WA 98125
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