24 Dwelling Unit Development Site
Land | 1.12 acres
Marketing description
Paragon Real Estate Advisors is pleased to present the exclusive sale of a six-parcel development assemblage at 4755 S Bond St in the Rainier Beach neighborhood of South Seattle. Under Seattle's Neighborhood Residential (NR2) zone, a developer can build four standalone dwelling units on each of the six tax parcels — a total of 24 detached residences on ±1.12 acres. This is one of the few large contiguous development sites left in the City of Seattle, situated on a quiet low-traffic street adjacent to the Chief Sealth Trail and Lakeridge Park, with close proximity to the Rainier Beach Link Light Rail Station, Lake Washington, shops, and grocery stores.
This summary presents the applicable zoning envelope and a 24-unit, 100% detached-product build-out plan (buyer to verify).
Investment highlights
- Six contiguous single-family lots totaling 48,925 SF (±1.12 acres)
- 24 detached dwelling units (4 standalone units x 6 lots)
- One of the few large contiguous development sites left in the City of Seattle
- Situated on a quiet low-traffic street adjacent to the Chief Sealth Trail and Lakeridge Park
- Close proximity to the Rainier Beach Link Light Rail Station, Lake Washington, shops, and grocery stores
- All units are designed as detached, fee-simple-capable single-family residences with no stacked flats, no shared building mass
- True detached-home product that fits naturally into the surrounding single-family fabric while capturing the full density permitted under the NR zone
- No minimum parking required for middle-housing developments under HB 1110 / updated SMC
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