5722 35Th Ave, Seattle, WA 98118
This exceptional 8.2 million dollar land parcel, located at 5722 35th Avenue S in Seattle, Washington, presents a unique opportunity for high-density development. Zoned NC2-75, it offers the potential for a 258-unit mixed-use project. The seller has recently submitted the final revision for this project. Situated in a vibrant and diverse neighborhood at the intersection of Columbia City, Hillman City, and Beacon Hill, this location benefits from a strong sense of community and a multicultural atmosphere. Residents enjoy diverse dining and shopping options. Its convenient proximity to downtown Seattle and major transportation routes enhances its appeal. The property is just two blocks from the new S Graham St Light Rail Station and conveniently located near a major bus line, ensuring excellent transit access. The property may also qualify for a Multi-Family Tax Exemption, offering potential tax advantages for the developer. This is a rare opportunity to acquire a large, well-located parcel in a rapidly growing area of Seattle with significant development potential. The King County address is 5722 35th Avenue S, Seattle, WA 98118.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.