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    OFF-MARKET
    Land

    5722 35Th Ave, Seattle, WA 98118

    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
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    Permitted uses
    Allowed · conditional · prohibited
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