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Investment Highlights
- Highly visible development opportunity along a major arterial with daily traffic exceeding 102,000 cars.
- Existing single-family structure offers immediate utility or potential for redevelopment.
- Prime location with quick access to Downtown Seattle, South Lake Union, and Queen Anne amenities.
- Zoning C1-55 (M) with a 3.75 FAR supporting a wide variety of permitted uses, including mixed-use options.
- Potential to assemble with adjacent parcels for a combined ±19,723 SF of land.
- Surrounded by retail, dining, and major employment centers catering to strong urban demand.
Executive Summary
This unique development parcel along Aurora Avenue North offers a versatile opportunity in one of Seattle’s most dynamic neighborhoods. The property spans approximately 5,763 square feet and is zoned C1-55 (M), allowing a flexible range of commercial and residential uses. With a 3.75 FAR, developers can explore a variety of configurations, including potential mixed-use concepts. The site currently includes an existing single-family residence, presenting options for immediate repositioning or redevelopment.
This location benefits from robust visibility and connectivity, positioned off a major arterial with daily traffic counts exceeding 102,000 vehicles. Additionally, there is potential to assemble the site with two adjacent parcels to the south for a combined 19,723 square feet, further enhancing development scalability. The property is minutes from Downtown Seattle and South Lake Union, placing it in proximity to the city’s major employment hubs, retail amenities, and dining options. Accessible and well-situated, this site offers strong long-term investment upside in a thriving urban corridor.
This location benefits from robust visibility and connectivity, positioned off a major arterial with daily traffic counts exceeding 102,000 vehicles. Additionally, there is potential to assemble the site with two adjacent parcels to the south for a combined 19,723 square feet, further enhancing development scalability. The property is minutes from Downtown Seattle and South Lake Union, placing it in proximity to the city’s major employment hubs, retail amenities, and dining options. Accessible and well-situated, this site offers strong long-term investment upside in a thriving urban corridor.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.13 AC |
| Property Type | Land | ||
| Zoning | C1-55 (M) | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.13 AC |
| Zoning | C1-55 (M) |
1 Lot Available
Lot
| Lot Size | 0.13 AC |
| Lot Size | 0.13 AC |
Description
The property is located on Aurora Avenue North in the Queen Anne neighborhood, within close proximity to Downtown Seattle and South Lake Union. It has a land area of ±5,763 square feet and is zoned C1-55 (M) under the City of Seattle zoning code, allowing commercial and mixed-use development options. Daily traffic counts on Aurora Avenue North exceed 102,000 vehicles, providing significant roadway exposure. The property is accessible to multiple neighborhood amenities and transportation routes, including Aurora Avenue (State Route 99).
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Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 352890-1187 | Improvements Assessment | $1,000 |
| Land Assessment | $132,500 | Total Assessment | $133,500 |
Property Taxes
Parcel Number
352890-1187
Land Assessment
$132,500
Improvements Assessment
$1,000
Total Assessment
$133,500
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