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Greenwood Development
Sale Price: $3,200,000
For more information about this property, please contact the listing broker.
Please visit our Listings page to view apartment buildings and development land currently on the market.
Overview
425 N 85th Street Development Site is superbly located in the heart of Greenwood. For future residents seeking great and walkable amenities, easy access to Seattle’s top employers, and a true urban neighborhood feel, 425 N 85th Street Development is the clear choice.
Whether 425 N 85th Street breaks ground as market-rate or efficiency units, this ideal investment opportunity will benefit from skyrocketing rents and the increased reinvestment and redevelopment in Greenwood.
Property Details
Sale Details
Opportunity
Excellent Location: 425 N 85th Street’s central Greenwood location is within an easy 5 minute walk of some of the City’s best restaurants and bars, arts & culture attractions, and practical amenities such as major grocers and services
Rising Rental Market: On the fringe of Seattle’s most sought-after neighborhoods, 425 N 85th Street will benefit from continued rent growth pushing from Green Lake, Fremont/ Wallingford, and Ballard
Revitalization: Greenwood is poised for exponential growth as developers flee from over-built and hyper-expensive neighborhoods, capitalizing on the recent upzone and historic neighborhood character
Excellent Location
Rising Rental Market
Revitalization
Location
Open Google Maps
Greenwood Development
425 N 85th St
Seattle, WA 98103
Units: 64 (Massing)
Price: $3,200,0000
About the Area
On the outskirts of what were once exclusively considered prime Seattle neighborhoods, North Seattle saw a rapid ascension as a prime investment market after 2012. Greenwood, a refreshingly eclectic and laidback neighborhood within North Seattle, remains a perfect example of that growth.
In addition to private multifamily development, the City has identified Greenwood as a prime area for growth and investment. The Greenwood Town Center, located along 85th Street – the neighborhoods primary East-West corridor – has recently been rezoned to development friendly zones and increase height limits. The re-zone will encourage future development and investment in the neighborhood, providing residents with additional amenities and making the area more pedestrian friendly.
Conveniently, 425 N 85th Development Site is located at the center of this activity. As the area’s commercial attractions and community amenities continue to grow, future residents will have endless opportunities to shop, play, eat, and thrive.
Amidst the neighborhood’s exciting growth, Greenwood’s authentic Seattle spirit shines through. As the local chamber of commerce proudly proclaims, the neighborhood is “Just a little off center.” Within a block from 425 N 85th Development Site are local shops, cafes, and restaurants line Greenwood Avenue, and nearby parks such as Greenwood Park and Sandel Park provide sunny green space for community gardens and playgrounds.
5 Minute Walk
to Fred Meyer
8 Minute Drive
to future Northgate and Roosevelt light rail stations
30 Minute Bus Ride
to Downtown
7 Minute Bike Ride
to Green Lake
Contact Us
Exclusive Listing Brokers
Kidder Mathews is the exclusive Listing Brokerage for this Offering. Dylan Simon, Jerrid Anderson, Matt Laird, Jason Rosauer, and Rob Anderson, are exclusively representing the Seller in the sale of 425 N 85th.
