1718 Bellevue Ave | Seattle, WA 98122
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- LoopNet Team
1718 Bellevue Ave
Seattle, WA 98122
1718 Bellevue Development Site · Land For Sale · 0.35 AC
Investment Highlights
- Preliminary analysis supports the development of 103 studio, one-, and two-bed units across eight stories with a rooftop deck and below-grade parking
- To maximize density given the site's zoning, alternative development options are available with MUP revisions
- Steps from the Pike–Pine Corridor and downtown Seattle; eight-minute walk to Capitol Hill Light Rail Station, and a quick drive to I-5 and I-90
- Seller has available to Buyer a variety of studies and reports to verify development is viable, lowering future development costs
- An established income-generating tenant, City Market, paying $272,000/annually NNN with current lease expiring in Fall 2025
- Robust renter community within one-mile radius (57% of housing units are renter-occupied)
PROPERTY FACTS
| Property Type | Land | Proposed Use | Apartment Units |
| Property Subtype | Commercial | Total Lot Size | 0.35 AC |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.35 AC |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,000 | |
| Land Assessment | $7,999,300 | Total Assessment | $8,001,300 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$7,999,300
Improvements Assessment
$2,000
Total Assessment
$8,001,300
zoning
| Zoning Code | NC3-75 (M) (Neighborhood Commercial 3 with Residential and Commercial Height limit of 75 feet) |
| NC3-75 (M) (Neighborhood Commercial 3 with Residential and Commercial Height limit of 75 feet) |
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