12th Ave S
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12th Ave S
1.96 Acres of Residential Land Offered at $2,900,000 in Seattle, WA 98108
Investment Highlights
- 1.96 acres "in City"
- Ideal for public park and recreation
- Combine with other parcel groups for a more comprehensive development plan
- South Seattle General access from Hahn Pl. South and 12th Ave. South. in Beacon Hill
- Utilize for needed City storm-water mitigation
Executive Summary
These 3 parcel/blocks are ideal for subdivision and development of cluster housing, middle housing, or planned residential development on the Southside of Beacon Hill. Additional parcel/blocks are available and adjacent to these 3 parcel/blocks that could also be utilized for purpose-built Public Park or Garden Space. Collectively, these two development groups create a large development site that can be used to mitigate City surface water control structures needed to assist peak wet weather surface water flows from nearby Beacon Hill neighborhoods. This listing identifies the Group 2 South Beacon Hill Parcels. The neighboring Group 1 vacant land parcel group is also available under a separate listing. Please discuss additional offerings or bundled pricing further with the Listing Broker.
Data Room Click Here to Access
- Offering Memorandum
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per AC |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
Property Facts
| Price | $2,900,000 | Property Type | Land |
| Sale Type | Owner User | Property Subtype | Residential |
| Sale Conditions | Total Lot Size | 1.96 AC | |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Price | $2,900,000 |
| Sale Type | Owner User |
| Sale Conditions | |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 1.96 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $2,900,000 | Lot Size | 1.96 AC |
| Price Per AC | $1,479,591.84 |
| Price | $2,900,000 |
| Price Per AC | $1,479,591.84 |
| Lot Size | 1.96 AC |
This development will include the subdivision and development of these 3 parcel/blocks for cluster, planned residential development, middle housing, or purpose-built Public Park or Garden Space.
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PROPERTY TAXES
| Parcel Number | 568000-0395 | Improvements Assessment | $0 (2023) |
| Land Assessment | $472,000 (2023) | Total Assessment | $472,000 (2023) |
PROPERTY TAXES
Parcel Number
568000-0395
Land Assessment
$472,000 (2023)
Improvements Assessment
$0 (2023)
Total Assessment
$472,000 (2023)
zoning
| Zoning Code | SF 5000 (Neighborhood Residential Zoning) |
| SF 5000 (Neighborhood Residential Zoning) |
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12th Ave S
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