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Listed by:Asay Realty • Trevor Asay
$ 1,700,000
Est. payment | /mo
3,600 Sqft Lot
$ 1,700,000
Est. payment | /mo
3,600 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Capitol Hill
MLS Listing ID 2530638
Style 42 - Multi-Family
Annual Tax Amount $678
Lot Size 3,600 Sqft
Property Sub-Type Land
Property Description
Prime corner lot development opportunity in Seattle's Central District — one of the city's most historically significant and rapidly transforming urban neighborhoods. This 3,600 SF corner parcel is zoned LR2(M), unlocking increased height and density potential beyond standard LR2. The Mandatory Housing Affordability designation allows for up to 40-foot building height and 1.6 FAR — meaning up to approximately 5,760 buildable square feet — in exchange for an affordable housing contribution or on-site inclusion requirement. Corner positioning offers flexible site design, enhanced visibility, and superior development potential compared to mid-block parcels. Rear alley access provides additional utility for parking, services, and building ingress. New multifamily development is evident throughout the immediate surrounding blocks, reflecting the neighborhood's ongoing transformation. Located within walking distance of Swedish Hospital Cherry Hill, Seattle University (0.6 miles), and Garfield High School. Minutes to Capitol Hill, First Hill, and downtown Seattle with convenient I-5 access and robust Metro transit connectivity — all key demand drivers for future tenants. Buyer to verify all zoning, permitting, and development feasibility with the City of Seattle SDCI
Location
State WA
County King
Area 390 - Central Seattle
Interior
Fireplace false
Exterior
Utilities Available Electricity Connected, Natural Gas Available
View Y/N No
Building
Sewer Available
Water Available
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash, Conventional, Owner Will Carry, See Remarks
Listing Terms Cash, Conventional, Owner Will Carry, See Remarks
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
Nearby Schools & Businesses
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RSVP Real Estate Group
Real Estate Firm | License ID: 17634
Real Estate Firm License ID: 17634