This is a rare opportunity to redevelop in one of Seattle’s A+ neighborhoods. The site is located on a corner lot off of 40th Avenue NE, just steps away from Seattle Children’s Hospital, and minutes from the University Village and the University of Washington. The site consists of three contiguous lots that are all 4,500 square feet, totaling 13,500 square feet of land and are zoned LR2 (M). Currently on each lot, there is a single-family rambler with a total of 2,710 rentable SqFt spread across the three homes. The zoning allocates a 1.4 FAR allowing a developer to build 18,900 SqFt of rentable space, which correlates to 12-14 townhouses (Buyer to verify).
This is a rare opportunity to redevelop in one of Seattle’s A+ neighborhoods. The site is located on a corner lot off of 40th Avenue NE, just steps away from Seattle Children’s Hospital, and minutes from the University Village and the University of Washington. The site consists of three contiguous lots that are all 4,500 square feet, totaling 13,500 square feet of land and are zoned LR2 (M). Currently on each lot, there is a single-family rambler with a total of 2,710 rentable SqFt spread across the three homes. The zoning allocates a 1.4 FAR allowing a developer to build 18,900 SqFt of rentable space, which correlates to 12-14 townhouses (Buyer to verify).
Neighborhood
Type
County
King
Area
710 - North Seattle
Status
Active
Listing #
2339925
Lot Size
0.31
Listed on site
3 days
Listed by:
Paragon Real Estate Advisors
Listing information © 2023 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by LaVerne Pike - Windermere Real Estate - and should be verified by the buyer. The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Laverne Pike - Windermere Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2025-03-09 10:02:33.
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