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2115-2121 5th Ave
Seattle, WA 98121
5th Ave Mixed Use Development Site · Land For Sale · 0.30 AC

Investment Highlights

  • 170’ building allowed ; Applicant had Tower Spacing requirements with the Arrive Tower across the alley
  • A Minor MUP revision would allow an All Residential Scheme. Interior changes can be revised per the desired specs

Property Facts

Property Type Land
Property Subtype Commercial
Proposed Use
Mixed Use
  • Hospitality
  • Apartment Units
Total Lot Size 0.30 AC
Zoning DMC 240’/290-440’

Description

The Property is located mid-block on Fifth Avenue, between Blanchard Street and Lenora Street, centrally located in the heart of Belltown, Seattle, Washington. 2 story 11,360 SF Masonry building built in 1926 and a 2 story 8,640 SF Masonry building built in 1929 on the site currently. The tenants are on a month to month lease. Master Use permits 207 Hotel Keys & 119 Residential Units with 121 parking stalls on 5 levels of below grade parking. Ownership will set a deadline for a definitive bid date, this does not preclude them from accepting an offer at anytime

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 069600-0050
  • 069600-0045
Land Assessment
$11,482,400
Improvements Assessment
$2,000
Total Assessment
$11,484,400
  • Listing ID: 23856920

  • Date on Market: 8/6/2021

  • Last Updated:

  • Address: 2115-2121 5th Ave, Seattle, WA 98121

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