Wallingford Development Site (Status: New)

4315, Woodland Park Ave, Seattle, WA  98103

This site boasts a 7,500 square foot lot zoned LR2(M), a Walk Score of 92, and is located within the Wallingford Residential UV. Existing improvements include a 9-unit apartment building and a small single-family house. Multiple attractive investment approaches. Asset can be run as-is and land banked for future redevelopment. Most of the leases are MTM giving the opportunity to raise the current income immediately, or an investor may decide to pursue entirely redeveloping the property. Potential to build 42 SEDU units. (Buyer to Verify). Owner Financing available with 30% down, 4.5% interest only for a 2-5 year term.

Listing Details

Asset Class: Multi-Family,Land
Year Built: 1901
Building Total Square Feet: 3894
Available Lease Space Square Feet:
Number of Floors: 3
Total Parking Spaces: 0
Local Zoning Information: LR2 (M) Wallingford Res UV

CBA

Listing Courtesy of: Paragon Real Estate Advisors

Disclaimer: The information contained in this listing has not been verified by Pacific Continental Realty, DBA North Sound Commercial and should be verified by the buyer, seller, or tenant.

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