2605 E Cherry St - Commercial LAND FOR SALE


Seattle, WA 98122 7,841 SF
$2,775,000 USD
206-972-1651
2605 E Cherry St, Seattle, WA for Sale
$2,775,000 USD
Commercial LAND - FOR SALE
1/5
7,841 SF

2605 E Cherry St
Seattle, WA 98122


HIGHLIGHTS

  • NC1-55 (M) zoning allows flexibility on investment product type (mixed-use, multifamily, condo or residential sales)
  • Ideal for 6 - 8 townhomes, mixed-use, or 40+ microunits (5 stories)
  • 2 parcels on corner location along major retail corridor from downtown Seattle to Madrona Beach
  • High growth/ low vacancy area with rent averaging $4.00 PSF/month with 5% annual increases
  • Average Townhouse Sale Prices: $900,000

OVERVIEW

One of the few remaining high density development sites in the central district, this two parcel site is prime for a 5-story building or townhouses. Demand for housing is high in this area because of its prime location near downtown Seattle, major freeways and hospitals, yet it is close to parks and beaches. This is a rare opportunity to capitalize on increasing rents, and market values.

FOR SALE DETAILS

PRICE

$2,775,000 USD

PRICE/ACRE

$15,416,273/AC

PRICE/SF

$354 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

E Cherry St Development Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family, Apartment Units

LAND ACRES

0.18 AC

LAND SF

7,841 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

NC1-55(M)

APN/PARCEL ID

121100-0020,121100-0035

ASK ABOUT THIS PROPERTY

Gretchen HammColdwell Banker Commercial DanforthMore Info
206-972-1651

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Gretchen HammColdwell Banker Commercial DanforthMore Info
206-972-1651

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.