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Listed by Pacific Crest Alan Wileman
$ 2,650,000
Est. payment | /mo
10,600 Sqft Lot
$ 2,650,000
Est. payment | /mo
10,600 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Seattle
MLS Listing ID 2453097
Style 42 - Multi-Family
Annual Tax Amount $19,671
Lot Size 10,600 Sqft
Property Sub-Type Land
Property Description
Arun Apartments "PERMITTED" Development Site. The current permitted property is shovel ready for immediate development and is located in the highly desirable East Queen Anne/Westlake neighborhood of Seattle which offers immediate redevelopment potential in one of Seattle's most supplyconstrained and sought-after multifamily submarkets. Beyond the existing remodeled 6 units, the site's zoning, pre-obtained permitting and design combine the two existing lots, allowing for an immediate development project consisting of five 4-story rowhouses. This feature presents an invaluable opportunity to bypass the typical lengthy permitting process where investors can elect to execute the permitted project for sale or long-term rental income.
Location
State WA
County King
Area 700 - Queen Anne/Magnolia
Interior
Fireplace false
Exterior
Utilities Available Electricity Available, Natural Gas Available
View Y/N Yes
View Lake
Building
Lot Description Adjacent to Public Land, Alley, Paved
Sewer On Property
Water Lake
Schools
Elementary Schools Queen Anne
Middle Schools Mc Clure Mid
High Schools Lincoln High
School District Seattle
Others
Senior Community No
Acceptable Financing Conventional
Listing Terms Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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