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2605 E Cherry St
Seattle, WA 98122
E Cherry St Development Site · Land For Sale
·
0.17 AC
Investment Highlights
- NC1-55 (M) zoning allows flexibility on investment product type (mixed-use, multifamily, condo or residential sales)
- 2 parcels on corner location along major retail corridor from downtown Seattle to Madrona Beach
- Average Townhouse Sale Prices: $900,000
- Ideal for 6 - 8 townhomes, mixed-use, or 40+ microunits (5 stories)
- High growth/ low vacancy area with rent averaging $4.00 PSF/month with 5% annual increases
Property Facts
Description
Single tenant retail building, restaurant, constructed 1949, on 0.18 acres of land zoned NC1-55(M).
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,000 | |
| Land Assessment | $2,496,600 | Total Assessment | $2,497,600 |
Property Taxes
Parcel Numbers
Land Assessment
$2,496,600
Improvements Assessment
$1,000
Total Assessment
$2,497,600
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