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- LoopNet Team
129 21st Ave E
Seattle, WA 98112
PRIME Capitol Hill Development Opportunity! · Land For Sale
·
0.23 AC
Investment Highlights
- Prime Capitol Hill Location!
- 40+ Unit Development Opportunity!
- 7 Units with Excellent Cash Flow!
Property Facts
| Property Type | Land | Proposed Use | Apartment Units |
| Property Subtype | Commercial | Total Lot Size | 0.23 AC |
| Zoning | LR3 (M) | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.23 AC |
| Zoning | LR3 (M) |
Description
Two adjoining lots totaling ~ 10,000 square feet with an existing 4 Plex and 3 Plex that are currently leased. Value in Land. Opportunity to build up to 45+ units. Flat, buildable. Rent Roll, Offering Memorandum, Survey, Current Profit & Loss and Architectural Drawings in Supplements. PRIME Capitol Hill Development Opportunity! 129 AND 133 21st Avenue East are located on a tree-lined street just steps from Miller Park and close to all of the entertainment and culture in Capitol Hill. The property offers easy access to South Lake Union, downtown Seattle, and the University of Washington. The existing three and four unit buildings are in good condition, with over 4300 square feet of living space. Always close to 100% occupancy and offering a stable tenant pool, this unique property offers an opportunity to cover all carrying costs during a feasibility period while planning a large development project, with up to 45 units possible in varying configurations in an LR3 Urban Village Zoning Area.
