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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

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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
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

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.

Walk Score®
Very Walkable (79)
Transit Score®
Excellent Transit (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 811610-0015
  • 811610-0005
Land Assessment
$10,177,600
Improvements Assessment
$2,000
Total Assessment
$10,179,600
  • Listing ID: 38493268

  • Date on Market: 11/18/2025

  • Last Updated:

  • Address: 3201-3211 Martin Luther King Junior Way S, Seattle, WA 98144

Contact the Sale Advisor

3201-3211 Martin Luther King Junior Way S - Mount Baker Development Site

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