Fremont Development Site
Land | 0.29 acres
Marketing description
The offering at 3915-3927 Aurora Avenue North represents a distinctly rare convergence of zoning density, site scale, and location fundamentals in a market where quality development land is increasingly scarce. The assemblage of two parcels into a single cohesive development site eliminates the fragmentation risk that often encumbers individual lots along urban arterials, while the C1-55(M) zoning provides the density and use flexibility necessary to execute a market-rate mixed-use program at scale. Whether pursued as a ground-up apartment development, a for-sale townhome project, or a value-add land hold, this site offers the acquiring party a highly versatile platform from which to generate meaningful returns in one of the Pacific Northwest's most enduringly supply-constrained housing markets. Qualified investors and developers are encouraged to review the accompanying financial analysis and engage directly with the exclusive listing team to discuss the offering in detail.
Investment highlights
- Rare assemblage of two adjacent parcels totaling 0.29 acres (approximately 12,632 square feet) in one of Seattle's most active and transit-rich development corridors
- Zoned C1-55(M), the combined site unlocks a maximum FAR of 3.75 and a height allowance of 55 feet, yielding a maximum gross buildable area of approximately 47,370 square feet
- Site supports approximately 53 units of mixed-use townhomes or approximately 6 for-sale townhomes
- Positioned along Aurora Avenue North — one of Seattle's principal north-south arterials — with high-visibility and high-traffic corridor access
- Property benefits from proximity to Licton Springs, Fremont, and Green Lake neighborhoods
- Located along a designated major transit corridor with King County Metro's RapidRide E Line providing frequent, high-capacity service
- Strong candidate for reduced or eliminated parking minimums under Seattle's Transit-Oriented Development provisions
- Compelling development opportunity to capitalize on Seattle's sustained housing demand and long-term growth trajectory
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