Bought with ZNonMember-Office-MLS
$2,675,000
$2,500,000
7.0%For more information regarding the value of a property, please contact us for a free consultation.
0.34 Acres Lot
SOLD DATE : 08/13/2020
Key Details
Sold Price $2,675,000
Property Type Vacant Land
Sub Type Land
Listing Status Sold
Purchase Type For Sale
Subdivision Rainier Valley
MLS Listing ID 1563228
Sold Date 08/13/20
Style 43 - Comm/Industrial
Annual Tax Amount $11,812
Lot Size 0.336 Acres
Property Description
The MLK Apartment Site is a 14,600 SF level lot that is prime for redevelopment. NC3P-95 (M) zoning allows for a 90k SF, 9 story mixed use bldg. This neighborhood has seen substantial growth since the Othello Light Rail station in ‘09 & this apt site offers the opportunity to add an addt’l 120+ units to the area. Rendering images courtesy of Caron Architects who did the initial feas study on the property & have designed addt’l buildings in the area. Architect is avail for questions on the site.
Location
State WA
County King
Area 380 - Southeast Seattle
Interior
Fireplace No
Exterior
Utilities Available Natural Gas Available, Electricity Available
Waterfront No
View Y/N No
Garage No
Building
Sewer In Street
Water Unknown - Verify
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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