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1306 S Bayview St
Seattle, WA 98144
North Beacon Hill Covered Land PLay · Land For Sale
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0.18 AC
Investment Highlights
- Development ready LR3 urban village site on 7,610 SF of land.
- High demand North Beacon Hill location; walking distance to retail, dining and public transit
- Dual upside; the property combines dependable duplex income with significant long-term upside through redevelopment potential.
- Income producing duplex with approx. $63,000 in annual gross income.
- Strategic urban infill site; the asset benefits from strong demand drivers, including proximity to downtown Seattle & Bellevue.
Executive Summary
North Beacon Hill development site, zoned LR3 urban village and situated on a 7,610 SF lot. This covered land play presents a unique income-producing development opportunity with the existing duplex that currently generates $65,000 in annual income, providing immediate cash flow for investors during the pre-development or entitlement process. The site supports higher density residential or mixed-use development. The zoning flexibility allows for long-term appreciation through redevelopment while retaining near-term income from the existing duplex. This dual profile makes the offering attractive to both investors seeking cash flowing assets and developers targeting urban infill opportunities.
Property Facts
1 Lot Available
Lot
| Price | $1,295,000 | Lot Size | 0.18 AC |
| Price Per AC | $7,400,000.00 |
| Price | $1,295,000 |
| Price Per AC | $7,400,000.00 |
| Lot Size | 0.18 AC |
East 120', North 96', West 35', South 46', West 85", South 50'
Description
Covered Land Play with existing duplex situated on 7,610 SF of LR3 urban village zoned land, ideal for moderate density residtnial deveopment.
Property Taxes
| Parcel Number | 912200-0236 | Improvements Assessment | $1,000 |
| Land Assessment | $1,210,000 | Total Assessment | $1,211,000 |
Property Taxes
Parcel Number
912200-0236
Land Assessment
$1,210,000
Improvements Assessment
$1,000
Total Assessment
$1,211,000
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1306 S Bayview St - North Beacon Hill Covered Land PLay