Entity Owned Property summary
Located in Seattle, this property is zoned LR1 (Lowrise 1 Residential). The site has an area of approximately 600 square feet and is described as having potential for future residential development, subject to applicable city approvals. Historically, it has been permitted for food and beverage use as a legal nonconforming use, which may allow continued operation of commercial activity depending on current regulatory requirements. Any redevelopment and/or continuation of uses is subject to City of Seattle approval, and permitted uses should be verified with the City.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
This district promotes low density multi family uses, primarily rowhouse and townhouse developments, through infill development that is compatible with single family dwelling units, or through the conversion of existing…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
LR1 (M) · Seattle, WAThis district promotes low density multi family uses, primarily rowhouse and townhouse developments, through infill development that is compatible with single family dwelling units, or through the conversion of existing…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
This district promotes low density multi family uses, primarily rowhouse and townhouse developments, through infill development that is compatible with single family dwelling units, or through the conversion of existing…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for LR1(M) in Seattle, WA.
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