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3201-3211 Martin Luther King Junior Way S - Mount Baker Development Site 1.8 Acres of Commercial Land in Seattle, WA 98144

INVESTMENT HIGHLIGHTS
- Transit-Oriented Development Site
- Affluent Neighborhood Demographics
- Access to Top Seattle Employers
- Flexible NC3-55(M) Zoning
EXECUTIVE SUMMARY
With flexible NC-55(M) zoning, the property lends itself well to multifamily or townhome development. Paired with a compressed entitlement and permit timeline in the City of Seattle, the future developer of the site will benefit from an expedited delivery timeline that aligns well with Seattle's tightening housing pipeline. Located in the Mount Baker Hub Urban Village, the site offers exceptional access to public transportation offering future residents direct connections to downtown Seattle, Capitol Hill, the University of Washington, and Seattle-Tacoma International Airport. The nearby Judkins Park Link Light Rail Station which is set to open in early 2026 will provide future residents with an additional express route to the Eastside. Within minutes, tenants will be able tot easily reach the key employment hubs of Seattle, Bellevue, and Redmond, where employment is surging as powerhouse firms expand and new tenants continue to join the market. The surrounding area demonstrates strong economic fundamentals, with an average household income exceeding $177,000, supporting robust renter demand and long term investment stability. The Mount Baker Development Site represents a rare opportunity to deliver high-quality housing in a growing submarket with strong employment drivers, excellent accessibility, and favorable demographics.
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Multifamily |
| Property Type | Land | Total Lot Size | 1.80 AC |
| Zoning | NC3-55 (M) - Neighborhood commercial | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 1.80 AC |
| Zoning | NC3-55 (M) - Neighborhood commercial |
1 LOT AVAILABLE
Lot
| Lot Size | 1.80 AC |
| Lot Size | 1.80 AC |
CBRE is presenting the Mount Baker Development Site, a 78,290 square foot property for townhome or multifamily development, located one block from the Mount Baker Light Rail Station in Seattle, WA.
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Walk Score®
Very Walkable (79)
Transit Score®
Excellent Transit (71)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,000 | |
| Land Assessment | $10,177,600 | Total Assessment | $10,179,600 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$10,177,600
Improvements Assessment
$2,000
Total Assessment
$10,179,600
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3201-3211 Martin Luther King Junior Way S - Mount Baker Development Site
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