Listed by Westlake Associates, Inc.
$995,000
N Beacon Hill Development Site
Details
APN 5680000920
Property Type Multifamily, Land
Square Footage 5,688
Units 8
Tenancy Vacant
Year Built 1959
Buildings 1
Stories 2
Lot Size (SqFt) 14,400
Zoning LR3(M)
Investment Type Redevelopment
About This Property
Marketing description
This offering features a 14,400 square foot lot with LR3(M) zoning, ideally located in Seattle’s highly sought-after North Beacon Hill submarket—less than 3 miles from the Seattle Central Business District, one of the fastest-growing employment centers in the nation.
The property presents a compelling opportunity for a range of development strategies, including SEDUs, multifamily apartments, or townhomes. Existing improvements include a vacant 8-unit apartment building, positioning the site closer to shovel-ready status and reducing upfront entitlement timelines. Preliminary massing studies indicate the site’s highest and best use as a new five-story building featuring approximately 61 SEDUs, with average unit sizes of 290 square feet.
Investment highlights
- Excellent North Beacon Hill Location
- One Block from Jefferson Park & Golf Course
- Located on Bus Line with direct service to Downtown Seattle
- Frequent Transit Zone
- Easy Access to Interstate-5 / Interstate-90
- 13-Minute walk to Beacon Hill Light Rail Station
- Less than 3 miles to Seattle CBD (300,000+ Jobs)
Listing Contacts
Listed by Westlake Associates, Inc.
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