1038 S King St 0.14 Acres of Commercial Land Offered at $3,290,000 in Seattle, WA 98104

Near-permit development opportunity in Seattle’s International District. This 6,000 SF parcel (APN: 817010-0070) is zoned DMR/C 75/75-95, allowing for multifamily, mixed-use, or hotel development. The site includes architectural plans and a permit application currently under review for an 8-story, 51-unit mixed-use project totaling approximately 40,756 gross square feet. This significantly reduces entitlement timeline and development risk, offering a rare near-ready urban infill opportunity. Currently improved as a gravel parking lot, the site benefits from level topography and utilities available in the street, allowing for efficient redevelopment. Strategically located in a highly walkable, transit-oriented neighborhood, the property is just steps from light rail, major transit lines, and Downtown Seattle. The site offers excellent access to the stadium district, regional employment centers, and major transportation corridors. Surrounded by established retail, restaurants, and new multifamily developments including Beam Apartments, the property is well-positioned to benefit from strong rental demand and continued neighborhood growth. With Seattle set to host the 2026 FIFA World Cup, the site presents a compelling opportunity to develop a signature project in a rapidly evolving urban core.