2235-2241 15th Ave W - Residential LAND FOR SALE


Seattle, WA 98119- Interbay9,100 SF
$1,500,000 USD
253-486-6725
2235-2241 15th Ave W, Seattle, WA for Sale
$1,500,000 USD
Residential LAND - FOR SALE
1/6
9,100 SF

2235-2241 15th Ave W
Seattle, WA 98119
Interbay


HIGHLIGHTS

  • 58-Unit, 6-Story Apartment Project – Fully Designed
  • Master Use Permit in Process (Interbay Lofts Apartments)
  • Affordable Housing Bonus Utilized to achieve 6th floor
  • No Parking Required (Frequent Transit Service Area)
  • High-Efficiency Unit Mix suited for workforce and low-income households
  • Ideal for 4% or 9% LIHTC Execution (buyer to verify program fit)

OVERVIEW

Cushman & Wakefield is pleased to present 2235-2241 15th Ave W, a rare, development site in Seattle’s Interbay neighborhood with a master use permit in process for a 6-story, 58-unit affordable apartment building. The project is ideally positioned for non-profit and mission based housing developers seeking scale in a high-opportunity, transit-served location with no parking requirement and strong alignment with LIHTC, MHA-R performance, and public funding sources. The site is zoned C1-55 (M) and benefits from bonus residential floor area for affordable housing, allowing for a sixth floor and maximizing unit yield. The approved design emphasizes efficient unit layouts, strong net-to-gross ratios, and bicycle-oriented urban living, making it well-suited for long-term affordability and operational efficiency.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/ACRE

$7,180,228/AC

PRICE/SF

$165 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Development Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family

LAND ACRES

0.21 AC

LAND SF

9,100 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

C1-40

APN/PARCEL ID

277160-1005

ASK ABOUT THIS PROPERTY

Jacob OdegardCushman & WakefieldMore Info
253-486-6725

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

Jacob OdegardCushman & WakefieldMore Info
253-486-6725

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