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Greenwood Townhome Development Site
Sale Price: $1,425,000
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.
Property Details
Sale Details
Opportunity
Ready to Build
MUP expected to be issued in November 2021
Construction Permits expected to be issued in December 2021
TRAO License Issued
Thoughtful Design
Simple & cost-effective construction
Efficient unit and bedroom layouts
Roof top decks and parking for each unit
Existing Asset
Great opportunity to Owner Occupy
Large units with plenty of parking
Opportunity to renovate units and raise rents
Location
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Greenwood Townhome Development Site
307 N 138th St.
Seattle, WA 98133
Units: 8
Price: $1,425,000
Location Overview
On the outskirts of what were once exclusively considered prime Seattle neighborhoods, North Seattle saw a rapid ascension as a desirable investment market after 2012.
BITTER LAKE & BROADVIEW
In addition to private multifamily development, the City identified Greenwood Ave as a key area for growth and investment. The Greenwood Town Center was recently rezoned to development- friendly zoning with increased height limits. The rezone will encourage future development and investment in the neighborhood, providing residents with additional amenities and making the area more pedestrian friendly.
The Greenwood Townhome Development Site is located only a couple of minutes from this activity, providing the right balance of convenience and livability. 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 few blocks of the site are numerous cafes and restaurants lining Greenwood Avenue N, and nearby parks such as Bitter Lake playfield and Sandel Park provide sunny green space for community gardens and playgrounds.
$102K
AVG HOUSEHOLD INCOME
(1 MILE)
18,251
POPULATION
(1 MILES)
45
MEDIAN AGE
(1 MILE)
65
WALK SCORE
'SOMEWHAT WALKABLE'
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