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    FOR SALE
    Medical Office Space

    6517 35Th Ave SW, Seattle, WA 98126

    1,576 SF 0.14 ac lot Built 1962
    Individually Owned 37-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US90-1504319
    Property summary
    AI-generated overview

    Discover a remarkable redevelopment opportunity in Seattle's desirable Gatewood/Highpoint neighborhood. This 6,043 square foot lot, located at 6517 35th Avenue SW, is zoned NC2P55 (M), presenting a unique canvas for visionary projects. The property's location offers exceptional potential for a multi-unit low-rise residential development or townhomes, capitalizing on the area's ongoing growth and urban renewal. The site benefits from its proximity to major transportation arteries, ensuring convenient access for future residents. Furthermore, the vibrant community atmosphere, rich history, and abundance of nearby parks, shops, cafes, and restaurants create an attractive living environment. This property's previous use as a medical clinic provides a solid foundation for future development plans. The 0-acre lot presents a compelling investment opportunity for developers seeking to create a thriving residential community within a highly sought-after Seattle neighborhood. This is more than just land

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1962
    Construction WOOD
    Total area 1,576 SF
    Lot 0.14 ac (6,043 SF)
    Zoning code NC2P-55 (M)
    APN 006500-0020
    UPID US90-1504319
    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
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    Blend (final) Blend
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    Owner & transaction history
    Castor Quan · 37 yrs held
    Castor Quan
    since 1989
    1 recorded transaction
    1989
    $90,000
    Zoning & alternative use
    NC2P-55 (M) · Seattle, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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