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    2500 Elliott Ave Seattle, WA 98121

    Sponsored
    For Sale
    $15,000,000

    Prime Seattle multifamily development land

    Property size:
    14,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 0.33-acre redevelopment site, located at 2500 Elliott Avenue in Seattle's vibrant Belltown neighborhood, presents a unique opportunity for high-density residential construction. Boasting 14,400 square feet and a highly visible corner location at the intersection of Elliott Avenue and Wall Street, this property offers commanding views and unparalleled access to Seattle's waterfront, downtown core, and Amazon headquarters. The nearly square lot features approximately 120 linear feet of frontage on both Elliott Avenue and Wall Street, providing excellent street presence. An alley provides convenient rear access. The site slopes gently from east to west, meeting Elliott Avenue at grade. The property's zoning designation is DMR/C 145/75, SMC 23.49.024, allowing for significant development potential. Its proximity to the Belltown P-Patch and Belltown Cottage Park adds to its appeal. The asking price is $15,000,000, translating to $1,041.67 per square foot. This is a rare chance to acquire a premier development site in one of Seattle's most sought-after locations. The King County Assessor's Parcel Number (APN) is 0653000165. Don't miss this chance to build your next successful project in the heart of Seattle.

    Property Features for 2500 Elliott Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    14,400 SF
    Lot Size
    14,375 SF

    HighLights

    • $15,000,000 asking price for a multifamily redevelopment site.
    • 14,400 square feet lot size, priced at $1,041.67 per square foot.
    • Located at 2500 Elliott Avenue, Seattle, WA 98121, a 0.33‑acre parcel in the Belltown neighborhood.
    • Prime redevelopment opportunity with commanding views and proximity to the waterfront, downtown, and Amazon headquarters.
    • Zoned DMR/C 145/75, SMC 23.49.024.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -122.3505277
    Latitude
    47.6135333

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    FAQs

    What type of property is this?
    Multifamily property - Prime Seattle multifamily development land
    Where is this multifamily property located?
    The property is located at 2500 Elliott Ave Seattle, WA.
    What is the asking price?
    The asking price for this property is $15,000,000.
    What are key features of this property?
    This property features: $15,000,000 asking price for a multifamily redevelopment site.; 14,400 square feet lot size, priced at $1,041.67 per square foot.; Located at 2500 Elliott Avenue, Seattle, WA 98121, a 0.33-acre parcel in the Belltown neighborhood.
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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
    2500 Elliott Ave Seattle, WA 98121
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