1516 Melrose Ave
Seattle, WA 98122
Melrose Bldg · Office Property For Sale

On the market for the first time in twenty years, Marcus & Millichap is pleased to present for sale 1516 Melrose Avenue East located in the coveted Pike/Pine Corridor. This 5,250 sq. ft. lot is zoned NC3P-65 and ripe for redevelopment as it is situated in the Pike/Pine Urban Center Village. Similar sized lots in this area have been able to build 50 apartment units ideal for urban dwellers who want to live and work downtown. With the surrounding neighborhood hosting a large variety of restaurants, bars, coffee shops and retail options, the Pike/Pine corridor continues to be highly sought after by renters. Whether walking to work downtown Seattle in under 15 minutes, or taking advantage of the many nearby public transportation options, future residents will have everything they need for exceptional daily living right outside their front door. Walkscore.com has labeled this location a “Walkers Paradise” with a score of 97 out of 100 and also a “Rider’s Paradise” with a perfect 100 out of 100 transit score. The Westlake transit center is only .2 miles away where urban dwellers continue to increase usage of the light rail expanding from the Sea Tac airport all the way to the University of Washington with plans of continued expansion to Northgate Mall and even across Lake Washington to Bellevue. With neighborhood amenities like Terra Plata Restaurant and the Starbucks Reserve Roastery & Tasting Room just across the street, investors have the opportunity to own a unique and highly sought after location. Sites like these have increased in rarity as the pike/pine corridor bustles with new development so don’t miss out on this opportunity to own 1516 Melrose Ave.