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Listed by Berkshire Hathaway HS NW Daniel Sebryakov
$ 1,400,000
Est. payment | /mo
5,000 Sqft Lot
$ 1,400,000
Est. payment | /mo
5,000 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Ballard
MLS Listing ID 2459242
Style 40 - Res-Less thn 1 Ac
Annual Tax Amount $11,753
Lot Size 5,000 Sqft
Property Sub-Type Land
Property Description
Builder/Investor/Developer Alert! Exceptional opportunity for a fully entitled, permits PAID, multifamily development in one of Seattle's most desirable rental submarkets. Ballard Urban Village approved 26-unit apartment zoned LR2 (M1). benefits from zero parking requirements, delivering cost savings/improved project feasibility. Approved plans for a 4-story plus basement, Type V-A construction building featuring an efficient micro-unit / SEDU program optimized for strong rent-per-square-foot performance. Unit sizes range approximately 225–330 square feet, each designed to meet or exceed Seattle code requirements for habitable space and storage. Includes indoor bike storage, shared outdoor amenity space, and thoughtfully integrated landscaping. Design Review and all SDCI permit corrections have been completed, with construction documents approved ready to issue. MHA requirements have been satisfied on-site, eliminating future affordability uncertainty. The architectural design features articulated façades, projecting bay windows, durable exterior materials, and residential-scaled massing that integrates seamlessly with the surrounding neighborhood. Situated near transit, major employment centers, restaurants, retail, and everyday amenities, this offering presents a rare opportunity for developers/investors seeking a shovel-ready, low-entitlement-risk apartment project in a high-demand Ballard location. All plans, approvals, and due diligence materials available upon request.
Location
State WA
County King
Area 705 - Ballard/Greenlake
Interior
Fireplace false
Exterior
Utilities Available Electricity Connected, Natural Gas Available
View Y/N Yes
View Territorial
Building
Lot Description Curbs, Paved, Sidewalk
Sewer Available
Water Available
Schools
Elementary Schools West Woodland
Middle Schools Hamilton Mid
High Schools Ballard High
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out, Conventional, See Remarks
Listing Terms Cash Out, Conventional, See Remarks
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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