4722 15th Ave NE - Commercial LAND FOR SALE


Seattle, WA 98105 12,959 SF
$6,520,000 USD
425-503-8877
4722 15th Ave NE, Seattle, WA for Sale
$6,520,000 USD
Commercial LAND - FOR SALE
1/9
12,959 SF

4722 15th Ave NE
Seattle, WA 98105


HIGHLIGHTS

  • Very rare investment opportunity! In the heart of U District adjacent to UW, 12960 SqFt with 3 lots zoned NC2 (M), fully designed top-level apartment
  • The Rhythm Apartments project, with 3 neighboring parcels, has secured the MUP and is finalizing building permit.
  • The project features a 7-story building with highly valuable commercial space on the 1st floor and 127 units from 2nd-7th floors, totaling 45,926 sqft
  • Minutes walk to UW central campus and U District light rail station
  • High demand for student housing, 99 walk score, 93 bike score, 82 transit score.

OVERVIEW

Scarcity determines value! An exceptionally rare chance to acquire prime property & a fully designed top-level apartment project at University District, adjacent to the prestigious University of Washington. The Rhythm Apartments project, comprised of 3 neighboring parcels, has already secured the Master Use Permit (MUP) and is in the final stages of obtaining building permits. This meticulously planned project features a 7-story building with highly coveted commercial space on the 1st floor, while the 2nd to 7th floors house 127 units, totaling 45,926 square feet with an average unit size of 362 square feet. With optimal investment returns expected in a short timeframe, this project is adream opportunity for savvy investors. Additionally, the design includes underground parking space for added convenience. Just a block from the UW central campus, residents will enjoy easy access to shopping, entertainment, and restaurants in the bustling University District, further enhancing the appeal of this exceptional investment opportunity!

FOR SALE DETAILS

PRICE

$6,520,000 USD

PRICE/ACRE

$21,914,444/AC

PRICE/SF

$503 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Apartment Units

LAND ACRES

0.3 AC

LAND SF

12,960 SF

OFFSITE IMPROVEMENTS

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

ZONING

NC2 (M)

APN/PARCEL ID

882390-2160,882390-2165,882390-2170

ASK ABOUT THIS PROPERTY

JD YuProfessional Realty ServicesMore Info
425-503-8877

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JD YuProfessional Realty ServicesMore Info
425-503-8877

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