1520 13th Ave - Warehouse FOR SALE


Seattle, WA 98122- Capitol Hill
$12,000,000 USD
206-491-2008
1520 13th Ave, Seattle, WA for Sale
$12,000,000 USD
Warehouse - FOR SALE
1/8
null | Request Cap Rate

1520 13th Ave
Seattle, WA 98122
Capitol Hill


HIGHLIGHTS

  • Proposed 120-unit apartment complex averaging 702 square feet and 5,225 square feet of commercial & retail space
  • Residents will enjoy seamless access to Downtown Seattle with immediate access to one of Seattle's most sought-after neighborhoods
  • Within a one-mile radius, 76% of residents hold a bachelor's degree or higher, compared to 45% in the Seattle Metro Area

OVERVIEW

Discover an exceptional redevelopment opportunity at 1520 13th Ave in Seattle's Capitol Hill. This vacant 22,800 square foot property offers a strategic chance for redevelopment in one of Seattle's most vibrant neighborhoods, renowned for its dining, shopping, and entertainment options. Positioned near major tech employers such as Amazon and Apple, the proposed seven-story, 120-unit apartment complex with commercial spaces is designed for prime urban living. The diversified unit sizes and retail options cater to the area’s thriving community. With strong income demographics and convenient access to Seattle's key districts, residents will enjoy a life of ease and connectivity at this sought-after location. Take advantage of walkable proximity to public transit, Seattle University, and Capitol Hill's bustling nightlife, making 1520 13th Ave the ultimate destination for a vibrant urban lifestyle in Seattle. The site has existing public utilities provided by Seattle Public Utilities, including sewer, stormwater, and water mains. Existing site conditions include stormwater discharge to Lake Union, therefore flow control is not an anticipated requirement. Ownership has conducted multiple preliminary site analyses and third-party reports, including: -Civil Feasibility Study -GeoTech Feasibility Report -Phase II ESA -Project Design Proposals provided by b9 Architects -ALTA Survey -No active easements encumbering the property

FOR SALE DETAILS

PRICE

$12,000,000 USD

PRICE/SF

$521 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1520 13th Ave Development Site

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

UTILITIES

-

CLEAR CEILING HT

12 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.52

LAND SF

22,800

ZONING

NC3P-75

APN/PARCEL ID

600300-0210,600300-0220,600300-1525

ASK ABOUT THIS PROPERTY

Chad BlenzBerkadiaMore Info
206-491-2008

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Chad BlenzBerkadiaMore Info
206-491-2008

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.