1005 King StSeattle, WA 98104

Property Details for 1005 King St

Year built

1914

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.28 AC

Property size (Sq ft)

5,700 SF

Zone code

DMR/C 75/75-170

Property type

Warehouses

APN

817010-0205

APU

8170100205

Description

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.

Location Insight

City

Seattle

County

King

State

Washington

Latitude

47.5981

Longitude

-122.319

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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