8323 15Th Ave Seattle, WA 98117

This exceptional redevelopment opportunity presents two parcels totaling 16,332 square feet in Seattle's Crown Hill neighborhood, located at 8323 and 8327-8335 15th Ave NW, 98117. The property, encompassing 0.37 acres, currently features a residential house and a retail building sharing a common parking lot. Zoned NC3P-75 (M1) Mid-rise, this site allows for a structure up to 75 feet high with a maximum Floor Area Ratio (FAR) of 5.5 (buyer to verify). Surrounded by new commercial and residential developments, this location benefits from a rapidly growing community with increasing housing and service demands. The asking price is $3,995,000, translating to $244.61 per square foot. This is a multi-tenancy, NNN lease type investment. The property consists of two buildings and is identified by APN numbers 7588700240 and 7588700214. This presents a unique chance to capitalize on the area's growth and create a significant return on investment. The property's potential is further enhanced by its strategic location within a thriving and expanding neighborhood. This is a rare opportunity to acquire a substantial parcel in a desirable Seattle location.