7975 Martin Luther King Jr Way Seattle, WA 98118
- Land
Current Use by Public Records
- Land
Property Details for 7975 Martin Luther King Jr Way
- Property type
- Land
Description
This exceptional 31,452 square foot land assembly presents a rare development opportunity in Seattle's desirable South Beacon Hill neighborhood. Zoned NR3, the property is fully permitted for the construction of fifteen residential units. The approved plan includes five three-story single-family homes, each with a one-car attached garage; five two-story accessory dwelling units (ADUs); and five two-story detached accessory dwelling units (DADUs). This flat lot offers significant potential for a high-density residential project. Its convenient location provides easy access to public transportation, with proximity to both the Othello and Rainier Beach Light Rail stations. Furthermore, the property borders a scenic green space, offering future residents direct access to the Chief Sealth Trail, a popular walking path. The location also boasts easy access to downtown Seattle, Boeing Field, and a wide array of restaurants, shops, and other amenities. This is one of the last remaining multi-lot development opportunities in this sought-after area, making it an exceptional investment prospect. The asking price for this remarkable property is $2,800,000.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Seattle
- County
- King
- State
- Washington
- Longitude
- -122.281
- Latitude
- 47.5294
