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Rare investment opportunity in South Lake Union with existing 4-Plex & mixed use zoning-ideal for owner/user! The property is one of the few remaining residential development parcels in the area, offering a myriad of investment options: retain rentals as residential/business/retail units & potentially add up to 3 townhomes on parking surface area; redevelop site w/ 6 townhome units or denser multifamily project & generate income from existing fourplex while awaiting permits.Vacant land next door also for sale separately: with the two parcels combined, offer even more development opportunities.Feasibility work completed! The area is transformed from a low-rise industrial district into one of Seattle’s most dynamic tech, biotech & research hubs.The locality now hosts some of WA's largest employers, including Amazon, Google, Meta, University of Washington Medicine, Fred Hutchinson Cancer Research Center, Seattle Cancer Care Alliance.It is a major center for life sciences and biotech, with state-of-the-art lab campuses.The district also attracts tech startups, venture capital firms, and professional service tech-sector companies. The neighborhood offers desirable work/life balance with a 99 walk score; Market Hall-SLU's neighborhood marketplace-is just a block away with specialty boutique shops, local dining and outdoor common deck...See More
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(John L. Scott, Inc.)
MLS # NWM2529850
