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    2729 2Nd Ave Seattle, WA 98121

    Sponsored
    For Sale
    $10,000,000

    0.3-acre lot, $10M asking, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 0.3-acre development site, located at 2729 2nd Ave in Seattle, WA 98121, presents a unique opportunity for a discerning investor. Priced at $10,000,000, this ±12,960 square foot property boasts a highly desirable location at the southwest corner of 2nd & Clay, offering unparalleled visibility and accessibility. Situated at the nexus of Denny Triangle, Belltown, Uptown, and South Lake Union, the property benefits from proximity to numerous urban amenities, parks, and major employers. The DMR/C 145/75 zoning permits a range of mixed-use and multifamily development options. Commanding views, particularly to the north, further enhance the property's appeal. Its strategic location offers excellent access to Seattle's revitalized waterfront, the burgeoning technology hub, Climate Pledge Arena, and the thriving downtown core. This is a rare chance to acquire a premier development site in one of Seattle's most dynamic and sought-after neighborhoods. The property's size and location make it ideal for a variety of high-density projects, capitalizing on the area's strong demand for residential and mixed-use developments.

    Property Features for 2729 2Nd Ave

    General Information

    Property type
    Land
    Lot Size
    13,068 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Tio Corporate Office

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Daycare Center 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
    -122.35070466002
    Latitude
    47.617038984147

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    FAQs

    What type of property is this?
    Land - 0.3-acre lot, $10M asking, high visibility.
    Where is this land located?
    The property is located at 2729 2Nd Ave Seattle, WA.
    What is the asking price?
    The asking price for this property is $10,000,000.
    Request Owner's contact information
    2729 2Nd Ave Seattle, WA 98121
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    Seattle, WA 98121
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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
    2729 2Nd Ave Seattle, WA 98121
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