324 25Th AveSeattle, WA 98144

For Sale
$999,950

Prime Central location, 3600 sq ft lot.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional redevelopment opportunity presents a 3,600 square foot lot located at 324 25th Ave S in Seattle, Washington's vibrant Central neighborhood. The property, currently occupied by a barber shop, is situated in a thriving area with abundant surrounding businesses, shopping, and residential developments. The land is zoned NC2P55 (M), a multi-family designation that encourages pedestrian-friendly development with a maximum building height of 55 feet. This zoning may allow for specific modifications to increase height, floor area ratio, or other potential incentives. The flexible zoning permits a blend of commercial and residential uses, making it suitable for various projects, including apartment complexes, office spaces, retail establishments, or community amenities. The property boasts excellent walkability (Walk Score of 75), transit accessibility (Transit Score of 68), and bikeability (Bike Score of 88), making it an ideal location for growth and convenient access. The asking price for this prime downtown Seattle land is $999,950, and the Assessor's Parcel Number (APN) is 1250200435. This is a rare chance to acquire a strategically located parcel in a rapidly developing area of Seattle. The flat lot simplifies development, and the existing structure provides immediate income potential. This property offers significant upside for investors seeking a high-return opportunity in a prime downtown location.

Highlights

  • 3,600 sq ft lot at 324 25th Ave S, Seattle, WA.
  • Currently occupied barber shop generating immediate income.
  • NC2P55 (M) multi-family zoning allows for mixed-use development up to 55 feet, with potential for height and FAR increases.
  • Excellent walkability (Walk Score 75), transit (Transit Score 68), and bike scores (Bike Score 88).
  • Asking price: $999,950; APN: 1250200435.

Location Insight

City
Seattle
County
King
State
Washington
Latitude
47.5996275
Longitude
-122.2996389
324 25Th Ave, Seattle, Washington

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324 25Th Ave
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