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3257 Harbor Ave
Seattle, WA 98126
3257 Harbor Avenue Development Site · Land For Sale
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0.12 AC
Investment Highlights
- Preliminary analysis by Skidmore Janette suggests the site would support up to 115 units across two 6-story buildings
- 2Q23 effective rent in West Seattle is $2,056 per month, up 4.1% year over year - highest increase out of all Seattle MSA submarkets
- 94.7% average occupancy rate in 1Q23, which is 40 basis points above the submarket’s five-year average occupancy rate (94.3%)
- Rooftop amenity space would have views of downtown Seattle skyline and beyond
- Average mortgage payment for home in submarket more than doubles the average effective rent, favoring renting over homeownership
Property Facts
| Property Type | Land | Proposed Use | Apartment Units |
| Property Subtype | Commercial | Total Lot Size | 0.12 AC |
| Zoning | C1-55 (M) - C1-55 is a Mixed-Use zone where both residential and commercial development are allowed with a 55 foot building height limit. | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.12 AC |
| Zoning | C1-55 (M) - C1-55 is a Mixed-Use zone where both residential and commercial development are allowed with a 55 foot building height limit. |
Property Taxes
| Parcel Number | 719280-0125 | Improvements Assessment | $0 |
| Land Assessment | $552,300 | Total Assessment | $552,300 |
Property Taxes
Parcel Number
719280-0125
Land Assessment
$552,300
Improvements Assessment
$0
Total Assessment
$552,300
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