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    324 25Th Ave Seattle, WA 98144

    Sponsored
    For Sale
    $999,950

    Prime Central location, 3600 sq ft lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional redevelopment opportunity presents a 3,600 square foot lot located at 324 25th Ave S in Seattle, Washington's vibrant Central neighborhood. The property, currently occupied by a barber shop, is situated in a thriving area with abundant surrounding businesses, shopping, and residential developments. The land is zoned NC2P55 (M), a multi-family designation that encourages pedestrian-friendly development with a maximum building height of 55 feet. This zoning may allow for specific modifications to increase height, floor area ratio, or other potential incentives. The flexible zoning permits a blend of commercial and residential uses, making it suitable for various projects, including apartment complexes, office spaces, retail establishments, or community amenities. The property boasts excellent walkability (Walk Score of 75), transit accessibility (Transit Score of 68), and bikeability (Bike Score of 88), making it an ideal location for growth and convenient access. The asking price for this prime downtown Seattle land is $999,950, and the Assessor's Parcel Number (APN) is 1250200435. This is a rare chance to acquire a strategically located parcel in a rapidly developing area of Seattle. The flat lot simplifies development, and the existing structure provides immediate income potential. This property offers significant upside for investors seeking a high-return opportunity in a prime downtown location.

    Property Features for 324 25Th Ave

    General Information

    Property type
    Land

    HighLights

    • 3,600 sq ft lot at 324 25th Ave S, Seattle, WA.
    • Currently occupied barber shop generating immediate income.
    • NC2P55 (M) multi‑family zoning allows for mixed‑use development up to 55 feet, with potential for height and FAR increases.
    • Excellent walkability (Walk Score 75), transit (Transit Score 68), and bike scores (Bike Score 88).
    • Asking price: $999,950; APN: 1250200435.
    Property Profile 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
    -122.2996389
    Latitude
    47.5996275

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    FAQs

    What type of property is this?
    Land - Prime Central location, 3600 sq ft lot.
    Where is this land located?
    The property is located at 324 25Th Ave Seattle, WA.
    What is the asking price?
    The asking price for this property is $999,950.
    What are key features of this property?
    This property features: 3,600 sq ft lot at 324 25th Ave S, Seattle, WA.; Currently occupied barber shop generating immediate income.; NC2P55 (M) multi-family zoning allows for mixed-use development up to 55 feet, with potential for height and FAR increases.
    Request Owner's contact information
    324 25Th Ave Seattle, WA 98144
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    Seattle, WA 98144
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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
    324 25Th Ave Seattle, WA 98144
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