417 Minor AveSeattle, WA 98109

This exceptional investment opportunity presents a 4-unit apartment building situated on a 3,600 square foot lot in Seattle's desirable South Lake Union neighborhood. The property, located at 417 Minor Ave N, boasts a total of 4,107 square feet and is classified as a Class B multifamily building. Currently configured as a 2 ½-story building over a full basement, it features 5 on-site surface parking stalls and on-site storage. The asking price is $1,490,000, translating to $362.80 per square foot and $372,500 per unit. The property's SM-SLU/R65/95 zoning allows for a variety of uses, including residential, office, and retail. This presents a unique value-add opportunity for investors and developers. Potential uses include retaining the existing 4-plex and adding up to 3 townhomes, redeveloping the site with 6 townhomes, or creating a larger multifamily project. The existing short-term leases provide flexibility for implementing a redevelopment plan. The property's location in the thriving South Lake Union tech sector offers significant long-term growth potential. The King County Assessor's Parcel Number (APN) is 2467400155. This is a rare chance to acquire a development parcel in a highly sought-after area of Seattle.