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5435 Delridge Way SW - Land/Grocery & Gas Anchored Delridge Way Site 0.11 Acres of Commercial Land Offered at $950,000 in Seattle, WA 98106
Investment Highlights
- 4-5 story mixed-use building (~14,880 sq. ft. max).
- Proximity to Delridge Way (major arterial), transit, and amenities.
- Ground-floor retail + apartments above (likely 15-25 units, depending on unit sizes).
Executive Summary
Prime Mixed-Use Development Opportunity – NC2P-55 (M) Zoning
Located in the rapidly evolving Delridge neighborhood of West Seattle, this 4,960 sq. ft. (approx. 0.11 acres) parcel offers a compelling opportunity for developers and investors seeking density near urban amenities. Zoned NC2P-55 (M) (Neighborhood Commercial with Mandatory Housing Affordability), the site supports mixed-use development up to 55 feet (approximately 4–5 stories)
.
Development Highlights:
Maximum Buildable Area: Approx. 14,880 sq. ft. (based on estimated 3.0 FAR)
Potential Use: Ground-floor retail with residential above (15–25 units possible depending on unit mix)
MHA Requirement: Flexible compliance via 5–11% affordable housing or fee in-lieu (~$20–30/sq. ft. in this zone)
Location Advantages:
Frontage along Delridge Way SW – a major arterial with high visibility and transit access
Part of Seattle’s MHA program area, encouraging density near Urban Villages
Strong rental demand and rising land values driven by ongoing development in West Seattle
Located in the rapidly evolving Delridge neighborhood of West Seattle, this 4,960 sq. ft. (approx. 0.11 acres) parcel offers a compelling opportunity for developers and investors seeking density near urban amenities. Zoned NC2P-55 (M) (Neighborhood Commercial with Mandatory Housing Affordability), the site supports mixed-use development up to 55 feet (approximately 4–5 stories)
.
Development Highlights:
Maximum Buildable Area: Approx. 14,880 sq. ft. (based on estimated 3.0 FAR)
Potential Use: Ground-floor retail with residential above (15–25 units possible depending on unit mix)
MHA Requirement: Flexible compliance via 5–11% affordable housing or fee in-lieu (~$20–30/sq. ft. in this zone)
Location Advantages:
Frontage along Delridge Way SW – a major arterial with high visibility and transit access
Part of Seattle’s MHA program area, encouraging density near Urban Villages
Strong rental demand and rising land values driven by ongoing development in West Seattle
Property Facts
| Price | $950,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.11 AC |
| Property Type | Land | No. Stories | 1 |
| Zoning | NC2P-55(M) - NC2P-55 (M) allows mixed-use (retail/residential) up to 55 ft (~5 stories). Highest & Best Use: Multi-family dwelling (likely 4-5 stories, mixed-use | ||
| Price | $950,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.11 AC |
| No. Stories | 1 |
| Zoning | NC2P-55(M) - NC2P-55 (M) allows mixed-use (retail/residential) up to 55 ft (~5 stories). Highest & Best Use: Multi-family dwelling (likely 4-5 stories, mixed-use |
1 Lot Available
Lot 1
| Price | $950,000 | Lot Size | 0.11 AC |
| Price Per AC | $8,636,363.64 |
| Price | $950,000 |
| Price Per AC | $8,636,363.64 |
| Lot Size | 0.11 AC |
This 4,960 sq. ft. West Seattle parcel offers a prime mixed-use development opportunity. Zoned NC2P-55 (M), it allows up to 55 ft. height, supporting approximately 4–5 stories of residential and/or commercial development.
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Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $528,100 | |
| Land Assessment | $3,494,100 | Total Assessment | $4,022,200 |
Property Taxes
Parcel Numbers
Land Assessment
$3,494,100
Improvements Assessment
$528,100
Total Assessment
$4,022,200
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5435 Delridge Way SW - Land/Grocery & Gas Anchored Delridge Way Site