2605-2609 E Cherry St Seattle, WA 98122
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NC1-55 (M) zoning allows flexibility on investment product type (mixed-use, multifamily, condo or residential sales) Ideal for 6 - 8 townhomes, mixed-use, or 40+ microunits (5 stories) 2 parcels on corner location along major retail corridor from downtown Seattle to Madrona Beach High growth/ low vacancy area with rent averaging $4.00 PSF/month with 5% annual increases Average Townhouse Sale Prices: $900,000
One of the few remaining high density development sites in the central district, this two parcel site is prime for a 5-story building or townhouses. Demand for housing is high in this area because of its prime location near downtown Seattle, major freeways and hospitals, yet it is close to parks and beaches. This is a rare opportunity to capitalize on increasing rents, and market values.
2,310 sqft
7,682 sqft
NC1-55
41668439
