Park Plaza Development Site (Status: Available)

4401, Aurora Ave, Seattle, WA  98103

Public Comments: The property offers an investor or developer the opportunity to own a 13,000+ square foot rectangular lot that is ripe for development or hold for future development. The property currently operates as the Park Plaza Motel. This motel leases to residents who want to stay for short periods of stay longer than one week. The motel currently nets over $120,000 per year with a full time manager on site. The property is well located on the southern part of Aurora Avenue in the Fremont neighborhood. The lot is a corner parcel zoned LR3-RC and C1-40’ with views towards South Lake Union and downtown Seattle. It is conveniently located within walking distance to popular restaurants such a Uneeda Burgers, Paseo Caribbean, Pecado Bueno, and Rock Creek Seafood and Spirits.

Listing Details

Asset Class: Hotel/Motel
Year Built: 1956
Building Total Square Feet: 5582
Available Lease Space Square Feet:
Number of Floors: 1
Total Parking Spaces: 15
Local Zoning Information: LR3-RC/C1-40

CBA

Listing Courtesy of: Paragon Real Estate Advisors

Disclaimer: The information contained in this listing has not been verified by Windermere Real Estate/Whatcom, Inc. DBA North Sound Commercial and should be verified by the buyer.

Location

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