Description
Development Opportunity in the heart of Rainier Beach! Use current plans or design your own. This parcel is zoned Multi Family with MHA LR3 + SM-RB 85 zoning in a HALA opportunity zone. Plans have been completed and ready to submit for permits. City has confirmed one single building can be constructed with 2 heights. City has confirmed FAR ratio in writing. Rent the existing structure while design takes place! M2M tenant currently. The 14,555 sf lot borders two main thoroughfares and zoning supports a Residential Tower. At 55 - 85 feet high, there are views of downtown Seattle and Lake Washington. This parcel sits a block away from the Link light rail, parks and and more. Here is your chance to be a part of the new Rainier Beach.
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3BEDS
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0.33ACRES
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3BATHS
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11/2 BATHS
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2,460SQFT
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$691$/SQFT
School Information
Listing information ©2023 Northwest MLS. Listing courtesy of Compass.
Sold by .Description
Development Opportunity in the heart of Rainier Beach! Use current plans or design your own. This parcel is zoned Multi Family with MHA LR3 + SM-RB 85 zoning in a HALA opportunity zone. Plans have been completed and ready to submit for permits. City has confirmed one single building can be constructed with 2 heights. City has confirmed FAR ratio in writing. Rent the existing structure while design takes place! M2M tenant currently. The 14,555 sf lot borders two main thoroughfares and zoning supports a Residential Tower. At 55 - 85 feet high, there are views of downtown Seattle and Lake Washington. This parcel sits a block away from the Link light rail, parks and and more. Here is your chance to be a part of the new Rainier Beach.
The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Tribeca NW Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2023-06-06T21:14:34.72. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market". Based on information submitted to the MLS GRID as of 2023-06-06T21:14:34.72. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.