• 6950 South 123rd Street - 6950 S 123rd St, Seattle, WA 98178

For Sale

Land

For Sale

This property is available for sale
2.0
Acres
$1,900,000
Sale Price
  • 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.

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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 Type
    Land
  • Submarket
  • Sale Price
    $1,900,000
  • Total Acres
    2.0
  • Zoning
    R-24
  • Will build to suit
    No
  • Sewer
    No
  • Corner lot
    No
  • Last updated
    Dec 22, 2023
  • Property ID
    1339249

Landlord's Sales Representative

  • Jonathan Nicoli
    CENTURY 21 Real Estate Center