6517 35Th AveSeattle, WA 98126
- Healthcare properties
- 1,576 SF
Property Details for 6517 35Th Ave
- Year built
- 1962
- Construction
- WOOD
- Lot size
- 0.14 AC
- Property size (Sq ft)
- 1,576 SF
- Zone code
- NC2P-55 (M)
- Property type
- Healthcare properties
- Property subtype
- Medical offices
- APN
- 006500-0020
- APU
- 65000020
Description
Discover a remarkable redevelopment opportunity in Seattle's desirable Gatewood/Highpoint neighborhood. This 6,043 square foot lot, located at 6517 35th Avenue SW, is zoned NC2P55 (M), presenting a unique canvas for visionary projects. The property's location offers exceptional potential for a multi-unit low-rise residential development or townhomes, capitalizing on the area's ongoing growth and urban renewal. The site benefits from its proximity to major transportation arteries, ensuring convenient access for future residents. Furthermore, the vibrant community atmosphere, rich history, and abundance of nearby parks, shops, cafes, and restaurants create an attractive living environment. This property's previous use as a medical clinic provides a solid foundation for future development plans. The 0-acre lot presents a compelling investment opportunity for developers seeking to create a thriving residential community within a highly sought-after Seattle neighborhood. This is more than just land
Valuation
by PT Realty methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $426,469
- 6.5%
- $393,664
- 7%
- $365,545
-
Comparable approach
- Method
- Valuation
- Relative Method
- $422,626
- Geo Method
- $303,506
-
Alternative Use
- Use
- Valuation
- Residential
- $488,144
- Hospitality
- $447,137
- Educational
- $372,013
- Medical
- $384,807
- Retail
- $578,686
Location Insight
- City
- Seattle
- County
- King
- State
- Washington
- Latitude
- 47.5441
- Longitude
- -122.377
- CBSA code
- 42660
- CBSA name
- SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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