6950 S 123rd St - Residential LAND FOR SALE


Seattle, WA 98178- Bryn Mawr-Skyway87,299 SF
$1,700,000 USD
206-888-1166
6950 S 123rd St, Seattle, WA for Sale
$1,700,000 USD
Residential LAND - FOR SALE
1/8
87,299 SF

6950 S 123rd St
Seattle, WA 98178
Bryn Mawr-Skyway


HIGHLIGHTS

  • 53-Units in Studios, 1-3 Bedrooms & Townhomes
  • Opportunity Zone
  • Easy I-5 & I-405 Access

OVERVIEW

The final design is now APPROVED by King County! Permits are ready to be issued. This development site is approved for 52 units with a mix of studios, 1-bed, 2-bed, 3-bed & townhomes units. Located in the outskirts of Seattle, it is in the federally-designated Opportunity Zone with light walking distance to Skyway Park, easy access to I-5 & I-405, few minutes to SeaTac International Airport. The operator of the completed project may benefit from the recent annual rent growth of at least 5% per year. Also, an investor looking to defer capital gains taxes on most investment vehicles may benefit from the Opportunity Zone designation of the site.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/ACRE

$848,247/AC

PRICE/SF

$19 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

53- Unit Skyway Opp Zone Development Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Apartment Units, Apartment Units - Condo, Apartment Units - Subsdzd

LAND ACRES

2 AC

LAND SF

87,300 SF

OFFSITE IMPROVEMENTS

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

ZONING

R-24

APN/PARCEL ID

768960-0975,781280-1880

ASK ABOUT THIS PROPERTY

206-888-1166

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206-888-1166

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