3907 NE 50th St - Residential LAND FOR SALE


Seattle, WA 98105- Bryant13,499 SF
$3,850,000 USD
206-812-9101
3907 NE 50th St, Seattle, WA for Sale
$3,850,000 USD
Residential LAND - FOR SALE
1/13
13,499 SF

3907 NE 50th St
Seattle, WA 98105
Bryant


HIGHLIGHTS

  • Opportunity to build 12-14 townhouses in an A+ neighborhood in Seattle (Buyer to verify)
  • Proposed zoning improvement to LR3 (M)
  • 13,500 Square foot lot zoned LR2 (M) - Zoning code allows for 18,900 net rentable SqFt
  • Existing single-family rental income will allow a developer to purchase the site and gain income off of the property immediately
  • Rare development opportunity located minutes from University Village, Seattle Children’s Hospital and the University of Washington

OVERVIEW

Paragon Real Estate Advisors is pleased to announce the exclusive listing of a Townhouse Development Site located in the Laurelhurst/Bryant neighborhood in Seattle. This is a rare opportunity to redevelop in one of Seattle’s A+ neighborhoods. The site is located on a corner lot off of 40th Avenue NE, just steps away from Seattle Children’s Hospital, and minutes from the University Village and the University of Washington. The site consists of three contiguous lots that are all 4,500 square feet, totaling 13,500 square feet of land and are zoned LR2 (M). All three lots are scheduled for an update to LR3 (M) as part of the One Seattle Plan zoning update. Currently on each lot, there is a single-family rambler with a total of 2,710 rentable SqFt spread across the three homes. LR2 (M) has a 1.4 FAR allowing a developer to build 18,900 SqFt of rentable space, which correlates to 12-14 townhouses (Buyer to verify).

FOR SALE DETAILS

PRICE

$3,850,000 USD

PRICE/ACRE

$12,422,667/AC

PRICE/SF

$285 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Laurelhurst Townhouse Dev. Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

-

LAND ACRES

0.31 AC

LAND SF

13,500 SF

OFFSITE IMPROVEMENTS

-

ZONING

LR2 (M)

APN/PARCEL ID

102504-9177,102504-9184,102504-9187

ASK ABOUT THIS PROPERTY

Ben DouglasParagon Real Estate AdvisorsMore Info
206-812-9101

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Ben DouglasParagon Real Estate AdvisorsMore Info
206-812-9101

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