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Listed by:John L. Scott, Inc. • Jeanie Van Amen
$ 1,298,000
Est. payment /mo
New
417 Minor AVE N Seattle, WA 98109
3 Beds
4 Baths
3,593 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision South Lake Union
MLS Listing ID 2531426
Style 60 - Comm Bldg Und 10K
Bedrooms 3
Year Built 1909
Annual Tax Amount $13,900
Lot Size 3,593 Sqft
Lot Dimensions 30x119
Property Sub-Type Commercial Industrial
Property Description
Rare investment opportunity in South Lake Union with existing 4-Plex & mixed use zoning-ideal for owner/user! The property is one of the few remaining residential development parcels in the area, offering a myriad of investment options: retain rentals as residential/business/retail units & potentially add up to 3 townhomes on parking surface area; redevelop site w/ 6 townhome units or denser multifamily project & generate income from existing fourplex while awaiting permits. Vacant land next door also for sale separately: with the two parcels combined, offer even more development opportunities. Feasibility work completed! The area is transformed from a low-rise industrial district into one of Seattle's most dynamic tech, biotech & research hubs. The locality now hosts some of WA's largest employers, including Amazon, Google, Meta, University of Washington Medicine, Fred Hutchinson Cancer Research Center, Seattle Cancer Care Alliance. It is a major center for life sciences and biotech, with state-of-the-art lab campuses. The district also attracts tech startups, venture capital firms, and professional service tech-sector companies. The neighborhood offers desirable work/life balance with a 99 walk score; Market Hall-SLU's neighborhood marketplace-is just a block away with specialty boutique shops, local dining and outdoor common deck. Nearby Transit & I-5 Mercer Street Interchange just a few blocks away. Five on-site parking spaces! 5% Rental Cap!
Location
State WA
County King
Area 700 - Queen Anne/Magnolia
Interior
Flooring Ceramic Tile, Hardwood, Softwood, Vinyl, Vinyl Plank
Fireplace false
Exterior
Exterior Feature Metal/Vinyl, Wood
Roof Type Composition
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash, Conventional, Rehab Loan
Listing Terms Cash, Conventional, Rehab Loan
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
Nearby Locations
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