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13001 Martin Luther King Jr WaySeattle, WA 98178

18 Acres, 360+ Unit Potential

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 18.87-acre development site in Seattle, WA, presents a remarkable opportunity. Located at 13001 Martin Luther King Jr Way S, 98178, this property comprises thirteen tax parcels (APN: 2172000605, 2172000563, 2172000518, 2172000515, 2172000560, 2172000551, 2172000545, 2172000540, 1423049048, 0001400041, 0001400017, 0001400007, 1400008) and is zoned R-24, allowing for multifamily and townhouse development. Approximately seven acres are developable, with potential for over 360 units, subject to city approvals. The site boasts an 85% impervious surface maximum and a 20% affordable housing requirement. Its strategic location offers convenient access to Southcenter Mall, SeaTac Airport, Link Light Rail, I-5, and I-405, placing it within 30 minutes of over 700,000 jobs. With an average finished townhome sale price of $525,000, this presents a significant investment opportunity in a thriving urban residential zone. This information is deemed reliable but not guaranteed. Buyers are advised to conduct their own due diligence.

Highlights

  • 13 tax parcels encompassing 18.87 acres.
  • Approximately 7 acres are developable.
  • R-24 zoning allows multifamily and townhome development.
  • Urban residential zoning (R-24).
  • Potential for over 360 units.
  • 85% maximum impervious surface.

Property Details for 13001 Martin Luther King Jr Way

Property type
Land, Residential income homes
Lot Size (sq. ft)
821,977 SF

Location Insight

City
Seattle
County
King
State
Washington
Latitude
47.4859677
Longitude
-122.2570438
13001 Martin Luther King Jr Way, Seattle, Washington

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13001 Martin Luther King Jr Way
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