For Sale
$5,650,000

1005 King StSeattle, WA 98104

Seattle Land: Prime Little Saigon Location

Overview

Added:
Dec 11, 2024
Days on market:
121
This exceptional 0.28-acre commercial land parcel, located at 1005 King Street in Seattle's vibrant Little Saigon neighborhood (APN 817010-0205), presents a unique development opportunity. The site, previously improved, is now cleared and ready for construction. Zoned DMR/C 75/75-170, it offers significant potential for a mid-rise multifamily building. Its central location provides unparalleled access to major transportation arteries, including I-5 and I-90, as well as the First Hill Streetcar and King Street Light Rail. Within walking distance are numerous amenities, including the bustling Little Saigon business district, Chinatown, Pioneer Square, and various educational and healthcare institutions. The property benefits from its location in a Qualified Opportunity Zone, offering substantial tax advantages for investors. The International District's high walkability score (98) and its rich cultural events, such as the Lunar New Year celebration, further enhance its appeal. This is a rare chance to acquire a prime development site in one of Seattle's most dynamic and culturally significant neighborhoods. The asking price is $5,650,000. The site's 12,000 square foot area provides ample space for a substantial development project. This location offers excellent connectivity to key employment centers, entertainment venues, and transportation hubs, making it an attractive investment opportunity.

Highlights

  • 0.28-acre commercial lot in Seattle's Little Saigon, APN 817010-0205, ready for construction; zoned DMR/C 75/75-170, ideal for mid-rise multifamily; $5,650,000.
  • Qualified Opportunity Zone designation offers significant tax advantages to investors.
  • Prime location in Little Saigon, a vibrant and culturally rich neighborhood within Seattle's International District.
  • High walkability (Walk Score of 98) and proximity to numerous amenities, including Chinatown, Pioneer Square, and major transportation arteries (I-5, I-90, streetcar, light rail).

Property Details for 1005 King St

Property type
Land
Lot Size (sq. ft)
12,197 SF

Location Insight

City
Seattle
County
King
State
Washington
Latitude
47.5980984
Longitude
-122.3192684
1005 King St, Seattle, Washington

FAQs

What type of property is this?
Land - Seattle Land: Prime Little Saigon Location
Where is the land located?
The property is located at 1005 King St Seattle, WA.
What is the asking price?
The asking price for this property is $5,650,000.
What are key features of this property?
This property features: 0.28-acre commercial lot in Seattle's Little Saigon, APN 817010-0205, ready for construction; zoned DMR/C 75/75-170, ideal for mid-rise multifamily; $5,650,000.; Qualified Opportunity Zone designation offers significant tax advantages to investors.; Prime location in Little Saigon, a vibrant and culturally rich neighborhood within Seattle's International District.
How can I contact the broker?
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1005 King St
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