Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    3200 Martin Luther King Jr Way, Seattle, WA 98144

    Property ID
    US90-1949571
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents two adjacent lots totaling 9,052 square feet, ideally situated in Seattle's Columbia City neighborhood at 3200 Martin Luther King Jr Way S, zip code 98144. Zoned for multifamily use, this Class A property offers unparalleled potential for developers seeking a prime location. The site boasts exceptional accessibility, directly across from the Mt. Baker light rail station, providing convenient access to public transportation. Its central location places it within close proximity to major employers, freeways, shopping, schools, and a variety of amenities and entertainment options, ensuring strong future performance. The property's multifamily zoning allows for diverse development possibilities, including apartment buildings, bungalow homes, or other creative housing solutions. This is a rare chance to acquire two contiguous lots ready for immediate development, promising significant returns for the discerning investor. The asking price for both lots is $1,425,000. The lots are owned by an LLC and are being sold together.

    Property profile
    Verified
    Property type Commercial real estate
    UPID US90-1949571
    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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 3200 Martin Luther King Jr Way?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message