1005 King St | Seattle, WA 98104
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1005 King St
Seattle, WA 98104
Land For Sale · 0.28 AC
Investment Highlights
- CENTRAL LOCATION
- LITTLE SAIGON BUSINESS DISTRICT
- QUALIFIED OPPORTUNITY ZONE
- COMMUNITY AND CULTURAL EVENTS
Executive Summary
Lee & Associates, as exclusive advisor, is pleased to present the opportunity to acquire 1005 King Street (the “Project”), a premier development site in the International District, one of Seattle’s most transformative submarkets. The 12,000 SF site, zoned DMR/C 75/75-170, offers significant potential with a maximum buildable height of 170’ for mixed-use and 75’ for residential developments. d/Arch LLC architect has provided designs for an 8-story, 100-unit multifamily development as well as an initial design for a 7-story, 90-unit multifamily development. Both designs capitalize on the upper-level views of Elliott Bay, making them attractive for residents seeking impressive water and city views. Centrally located in Seattle’s vibrant Little Saigon neighborhood, the project is situated only minutes from Downtown Seattle. Offering unparalleled convenience, the property enjoys excellent accessibility to various transportation options. It provides direct freeway access to I-5 and I-90, a five-minute walk to the First Hill Streetcar stop at S Jackson St & 12th Ave S, and a 10-minute walk to the King Street Light Rail Station.
PROPERTY FACTS
| Sale Type | Investment | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 0.28 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.28 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $5,650,000 | Lot Size | 0.28 AC |
| Price Per AC | $20,178,571 |
| Price | $5,650,000 |
| Price Per AC | $20,178,571 |
| Lot Size | 0.28 AC |
1005 King Street is a unique investment opportunity, offering a prime developmentsite within an Opportunity Zone in the growing International District.
PROPERTY TAXES
| Parcel Number | 817010-0205 | Improvements Assessment | $1,000 |
| Land Assessment | $2,820,000 | Total Assessment | $2,821,000 |
PROPERTY TAXES
Parcel Number
817010-0205
Land Assessment
$2,820,000
Improvements Assessment
$1,000
Total Assessment
$2,821,000
zoning
| Zoning Code | DMR/C 75/75-170 |
| DMR/C 75/75-170 |
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