8323 15Th AveSeattle, WA 98117

Property Details for 8323 15Th Ave

Lot size

0.37 AC

Property size (Sq ft)

16,332 SF

Property type

Retail properties

Property subtype

Retail space

Description

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.

Location Insight

City

Seattle

County

King

State

Washington

Latitude

47.6895

Longitude

-122.377

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