HIGHLIGHTS
- • In-place monthly income of $15,000
- • Feasibility Analysis show plans for an 8 level, 60+ unit, mid-rise apartment building
- • Both parcels are zoned Mid Rise Residential - MR RC (M)
- • Located in the the Ballard Hub (Urban Center) and in a Parking Flexibility Area - no parking is required
- • Year over Year rent growth in Ballard is forecast to reach 5.2% in 2025 Q3
- • Stabilized submarket vacancy rate of 5.1%
FOR SALE DETAILS
PRICE
$3,980,000 USD
PRICE/ACRE
$17,336,880/AC
PRICE/SF
$398 USD /SF
# OF LOTS
-
LAND DETAILS
PROPERTY NAME
2030-2034 NW 57th St Development Site
PROPERTY TYPE
Land
PROPERTY SUBTYPE
Residential
LAND PROPOSED USE
Multi-Family, Apartment Units, Apartment Units - Condo
LAND ACRES
0.23 AC
LAND SF
10,000 SF
OFFSITE IMPROVEMENTS
Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation
ZONING
MR RC (M) 80' height
APN/PARCEL ID
276760-4935,276760-4940
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