2505 Beacon Ave S
Seattle, WA 98144
Beacon Hill TOD | 103-Unit Permitted Apt Bldg · Land For Sale
·
0.26 AC
Investment Highlights
- Entitlements in hand and All permits including Master Use Permit, Building Permit, and Demolition obtained. Construction can start tomorrow.
- City incentive program vested to help reduce operating costs.
- MHA upzone approved w/OUT Fees, height bonus received
- Work completed for Construction clearance.
- Vested 2015 Building Code significantly saves in construction costs.
- No parking structure to build.
Property Facts
Description
Rare development opportunity for a shovel-ready, fully permitted mixed-used apartment building with all Entitlements in hand. Construction can start tomorrow! An elegant 7-story transit-orientated development (TOD) apartment building just steps from Beacon Hill Light Rail station. Efficiently designed with 103 residential units and two large commercial spaces at street level. Unit mix of SEDU’s, studios, one and two bedrooms. Rooftop Amenity, 7th floor Club Room and large Bike Storage/Workshop at ground level. Expansive views of Mt Rainier, downtown Seattle, and Elliott Bay. Beacon Crossing is in one of Seattle's hottest neighborhoods. North Beacon Hill is filled with eateries, breweries, and parks, attracting visitors, locals, and booming with developments. Multiple transit options at the doorstep provide quick access to employment hubs and city centers both in Seattle and Bellevue. The light rail station is just a 3 min. walk with a quick connection to downtown Seattle/the University of Washington, and the coming soon Bellevue/ Eastside Microsoft rail link. Easy highway I-5/I-90 access.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $652,800 | Total Assessment | $652,800 |
Property Taxes
