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Listings/Beacon Station Development

Beacon Station Development

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Sold – $4,000,000

This listing has closed. Please visit our Listings page to view apartment buildings and development land currently available for purchase.

Executive Summary

Beacon Station is a boutique residential development site ideally located in the growing neighborhood of Beacon Hill, two blocks from the existing Link light rail station and the new neighborhood retail core. The development is programmed for 66 residential units with one street-level retail unit and 12 stalls of subterranean parking. The building is thoughtfully designed with efficient and well-programmed units and distinctive finishes.

This development opportunity is perfectly timed for the developer looking to break ground immediately, with master use permit issued May 2019 and building permit anticipated June 2019.

Offering Details

Location
Beacon Hill
Address
2912 Beacon Ave S, Seattle
Parcel No.
7319900015
Parcel Size
16,080 SF
Zoning
NC2P-40
Total Units
66 Residential + 1 Retail
Parking
11 Stalls + 1 ADA
MUP Status
Issued May 24, 2019
Building Permit Status
Anticipated June 2019

Unit Mix

Studios
10 units
Open 1
37 units
1 x 1
15 units
2 x 1
4 units
Retail
2,786 NRSF

Investment Opportunity

Rarely does an opportunity such as Beacon Station Apartments come available. Located in the heart of the Beacon Hill retail core and steps from the light rail station, this development site is poised to benefit from the impressive and strengthening market dynamics displayed in the neighborhood. The following four points summarize the high-level opportunities that Beacon Station Apartments presents, making it an exceptional investment opportunity.

Beat the Competition

No other permitted apartment sites in North Beacon Hill

Ideal TOD Location

Three-minute walk to light rail station

Changing Neighborhood

232% residential price appreciation over last 7 years

HUD Financing / MFTE Approved

Lock permanent financing at construction start

Location

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Beacon Station Development

2912 Beacon Ave S
Seattle, WA 98144
Units: 66
Price: $4,000,000

Contact Us

Exclusive Listing Brokers

Direct: 206.414.8575

       
       

Direct: 425.736.5516