For Sale
$6,395,000

170 Mercer StSeattle, WA 98109

Seattle Uptown: Prime Development Land

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 15,360 sq ft development site at 170 Mercer St, Seattle, WA 98109, offers unparalleled potential. Zoned SM-UP 85 (M1), it allows for mixed-use development, including residential, commercial, or hospitality uses. Its strategic location adjacent to Seattle Center and Climate Pledge Arena, with easy I-5 access, ensures high visibility and foot traffic. The corner lot at Mercer Street and 2nd Avenue North provides maximum exposure. Development benefits from streamlined design review for certain projects through 2027, expediting the permitting process. Currently generating income from a 32-stall parking lot, this property presents a unique opportunity to capitalize on Seattle's thriving Uptown neighborhood and strong demand for both residential and commercial space. The asking price is $6,395,000. Ownership is held by 170 Mercer LLC. This is a rare chance to acquire a premier property in one of Seattle's most desirable areas.

Highlights

  • 15,360 sq ft mixed-use development site in Seattle's Uptown neighborhood.
  • Prime location adjacent to Seattle Center and Climate Pledge Arena, with easy I-5 access.
  • Streamlined design review process for certain projects through 2027.
  • High-visibility corner lot at Mercer Street and 2nd Avenue North.
  • Strong demand for residential and commercial space in a thriving neighborhood.
  • Currently generates income from a 32-stall parking lot.

Property Details for 170 Mercer St

Property type
Land

Location Insight

City
Seattle
County
King
State
Washington
Latitude
47.624787
Longitude
-122.3530325
170 Mercer St, Seattle, Washington

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170 Mercer St
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