1621 E Olive Way, Seattle, WA 98102, USA
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Agents think: $3,990,000 1 agent(s) valuations found
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Capstone Commercial, Ryan Downing Agent Valuation of this property is 3,990,000 USD
Development site with frontage on East Olive Way and Belmont Ave East in the Capitol Hill area of Seattle, WA. Property consist of 5700 square feet of land zoned NC3P-75(M). Existing structure is 1850 square feet and has four tenants with lease terms expiring starting in May of 2021 and the last lease expiring in June of 1024. Great opportunity to generate income from the existing tenant base while working through the planning and permitting process with the City of Seattle. Excellent NC3P-75(M) zoning allows development height up to 75 feet. This high density zoning should allow for a mixed use project with over 50 residential units.