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1518 5th Ave - Seattle CBD Development Opportunity 0.33 Acres of Residential Land in Seattle, WA 98101
Investment Highlights
- Fully entitled 16-story mixed-use project with Master Use Permit issued.
- Prime location in Seattle’s Central Business District and retail core.
- Surrounded by premier dining, shopping, and cultural destinations.
- Planned program includes 246-key hotel, 49 residential units, and ground-floor retail.
- Walking distance to Pike Place Market, Amazon campus, and Convention Center.
- Excellent transit access with nearby light rail and major arterials.
Executive Summary
Kidder Mathews has been retained by ARZ Global to market for sale their hotel and residential project located in the heart of Seattle’s Central Business District, and adjacent to the city’s retail core. The project has received a MUP (Master Use Permit) from the City of Seattle. See offering data room.
The proposed development at 1520 5th Avenue will be a central and iconic part of downtown Seattle. The 16 story project contains a mix of uses including a 246 room hotel which rises above a street-level facade containing the project’s lobbies and retail spaces. Residential units (apartment or condominium) rise above the hotel component of the project.
The scale of hotel, residential tower and courtyard podium create a harmony in scale with the historic block in which its located, which will conform with the architecture feel of 5th Avenue.
The proposed development at 1520 5th Avenue will be a central and iconic part of downtown Seattle. The 16 story project contains a mix of uses including a 246 room hotel which rises above a street-level facade containing the project’s lobbies and retail spaces. Residential units (apartment or condominium) rise above the hotel component of the project.
The scale of hotel, residential tower and courtyard podium create a harmony in scale with the historic block in which its located, which will conform with the architecture feel of 5th Avenue.
Property Facts
| Sale Type | Investment | Property Subtype | Residential |
| Sale Condition | Redevelopment Project | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.33 AC |
| Property Type | Land | ||
| Zoning | DRC 85-170 | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.33 AC |
| Zoning | DRC 85-170 |
1 Lot Available
Lot
| Lot Size | 0.33 AC |
| Lot Size | 0.33 AC |
1 1
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (80)
Property Taxes
| Parcel Number | 197570-0135 | Improvements Assessment | $3,438,500 |
| Land Assessment | $14,400,000 | Total Assessment | $17,838,500 |
Property Taxes
Parcel Number
197570-0135
Land Assessment
$14,400,000
Improvements Assessment
$3,438,500
Total Assessment
$17,838,500
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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