For Sale
For Sale
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Overview
Land use is approved for 53-unit multifamily with a mix of studio to 2-bedroom apartments and 6 townhomes. Civil Engineering design in progress in coordination with King County planners. Within a designated Opportunity Zone and bordered by 3 major municipalities (Seattle, Tukwila & Renton), this 2-acre site would be a strong performer for a developer in a submarket that has recently held annual rent growth around 5 percent as supported by the area's major employers.
Property Details
Land use is approved for 53-unit multifamily with a mix of studio to 2-bedroom apartments and 6 townhomes. Civil Engineering design in progress in coordination with King County planners. Within a designated Opportunity Zone and bordered by 3 major municipalities (Seattle, Tukwila & Renton), this 2-acre site would be a strong performer for a developer in a submarket that has recently held annual rent growth around 5 percent as supported by the area's major employers.
- Property TypeLand
- Submarket
- Sale Price$1,900,000
- Total Acres2.0
- ZoningR-24
- Will build to suitNo
- SewerNo
- Corner lotNo
- Last updatedDec 22, 2023
- Property ID1339249