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23791274
23791275

11001 Roosevelt Way NE, Seattle, WA 98125

WP
WA 873009985
NAI Puget Sound Properties
Listed by NAI Puget Sound Properties
$4,900,000
366 days on market
Updated 34 days ago

11001 Roosevelt Way NE Property

Details
APN 2926049119
Property Type Land
Sub Type Commercial, Residential
Broker Co-Op Yes
Lot Size (SqFt) 17,424
Zoning NC3-55(M)

Land | 17,424 SF

Marketing description

Property Highlights

PROPERTY: Northgate Way Corner Parcel

ADDRESS: 11001 Roosevelt Way NE Seattle, WA 98125-6223

TAX PARCEL NUMBER 2926049119

PRICE $4,900,000 ($282/SF)

LAND AREA 17,424 SF

ZONING NC3-55 (M)

PERMITTED USES Retail, Multifamily, Hotel, and Commercial uses

Location Highlights

Northgate is a neighborhood located just north of Seattle along the I-5 corridor. It was originally

named after the Northgate Mall, formerly known as Northgate Center. The mall was one of the first

post-war shopping centers in the country with a goal to be the hub of any shopping needs; a central

location where consumers could have a one stop shopping experience.

As the Northgate community keeps up with the changing times, a new reimagined Northgate Mall is

being redeveloped. A plan for the Northgate facility includes: 400,000 square feet of retail space,

1 million square feet of office space, 953 residential units, 400 hotel rooms, roughly

7.5 acres of open space, and over 5,100 parking stalls. Accompanying all this will be a $75

million, 140,000-square- foot hockey facility built and funded by NHL Seattle as the Kraken

practice facility. It has been said that the goal of this incredible mall and hockey center is to

transform the area into a predominantly pedestrian friendly community.

This pairs perfectly with the Northgate Light Rail Link Extension with 4.3 miles of light rail

service from University of Washington to Northgate. The projected initial ridership was project at

nearly 50,000 daily riders. Northgate is also home to North Seattle College; formerly a two-year

community college and now a four-year college. Combining the new hockey facility, and North Seattle

College with the Light Rail Link, the revitalize Northgate area is becoming one of the region’s

most desirable, thriving, walkable, public transit-

oriented urban centers.

Zoning Summary

+ ZONING DESCRIPTION

A larger pedestrian-oriented shopping district serving the surrounding neighborhood and a larger community, citywide and regional clientele. Building types are single-purpose commercial structures, multi-story mixed use and residential structures.

+ TYPICAL ALLOWABLE USES

Supermarkets, restaurants, offices, hotels, clothing shops, business support services, and residences that are compatible with the area’s mixed-use character. Permitted uses in NC3 zone include the following:

• Residential

• Congregate Care Residences

• Low Income Housing

• Drinking Establishments

• Restaurants

• Adult Cabarets

• Sport & Recreation

• Theaters

• Laboratories

• Lodging

• Medical Services

• Offices

+ BUILDING TYPES

• Retail Sale & Services including Automotive

• Showrooms

• Religious Facilities

• Schools

• Child Care

• Youth Services

• Self-Storage (maximum 25,000 SF)

• Warehouse (maximum 25,000 SF)

• Parking

+ BUILDING TYPES

Single purpose commercial structures, office buildings, multi-story mixed-use and residential

structures. Nonresidential uses typically occupy the street frontage.

+ STREET-LEVEL USES

No limit on mix of residential and non-residential uses.

+ MAXIMUM SIZE OF COMMERCIAL USE

No size limits for most uses.

+ PARKING LOCATION

Parking must be located at the rear or side of a building, within a structure, or off-site within

800’. Parking between a building and a street is not allowed. Parking to the side of a building is

limited to 60’ of street frontage. Within a structure, street-level parking must

be separated from the facade by another permitted use.

+ PARKING ACCESS

Parking access must be from the alley, if feasible. If alley access infeasible, street access with

limited curb cuts may be allowed.

Investment highlights

Investment Highlights

NAI Puget Sound Properties is pleased to present 11001 Roosevelt Way NE Development Site in the

thriving Northgate community. This 17,428 SF site has a flexible NC3-55 (M) zoning allowing a wide

variety of uses. This desirable corner parcel is vacant and cleared with flat topography

making the property excellent for development. Investment Highlights are the following:

+ FLEXIBLE ZONING

NC3-55 (M) zoning allows for development of retail, multi-family, office, and hotel uses.

+ EASY ACCESS TO EMPLOYMENT HUBS

The Property benefits from highly visible corner at intersection of

Northeast Northgate Way and Roosevelt Way Northeast connecting Interstate 5 and SR-522 (Lake City

Way Northeast).

+ PROXIMITY TO TRANSIT AND AMENITIES:

The Property is ideally located 0.9 miles from the Northgate Station Light Rail and Bus Transit

Center. The property is in the Northgate submarket, an urban area with plentiful amenities.

+ NEAR THE CITY CORE:

Located 7 miles northeast from Downtown Seattle, the Property has easy access to SR-522 and to I-5.

+ HIGH-VISIBILITY LOCATION:

Over 28,000 cars pass by the site every day. Approximately 289 feet of frontage on Northeast

Northgate Way and Roosevelt Way

Northeast.

Listing Contacts

WP
WA 873009985
NAI Puget Sound Properties
Listed by NAI Puget Sound Properties

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