4800 40th Ave SW - Commercial LAND FOR SALE


Seattle, WA 98116- Fairmount Park19,556 SF
$5,000,000 USD
425-444-6501
4800 40th Ave SW, Seattle, WA for Sale
$5,000,000 USD
Commercial LAND - FOR SALE
1/6
19,556 SF

4800 40th Ave SW
Seattle, WA 98116
Fairmount Park


HIGHLIGHTS

  • Excellent West Seattle Junction location on a high-visibility, corner-lot parcel
  • Parking for 20 cars and potential to short plat and develop part of the lot as townhomes
  • Current development opportunity with MUP ready for pickup featuring 86 studio, one, and two-bed units
  • Blocks from the RapidRide stop, providing constant service directly to Downtown and South Lake Union
  • 95 walk score per walkscore.com - Adjacent to Whole Foods anchored shopping center and near an abundance of shopping, grocery, coffee shops, etc.
  • Walking distance to the upcoming West Seattle Junction light rail stop

OVERVIEW

Well positioned in Seattle’s desirable West Seattle Junction neighborhood, 4800 40th Ave SW offers a Walker’s Paradise walk score of 95. The property is adjacent to a shopping center anchored by a Whole Foods grocery store, and is near a wide array of shopping, grocery, and food and drink options. Additionally, the property is positioned just blocks from a RapidRide C Line stop, which provides regular and reliable service directly to the Downtown Seattle and South Lake Union neighborhoods. It is also within walking distance of the future Alaska Junction light rail stop, targeted for completion in 2032. 4800 40th Ave SW is a high visibility, corner-lot parcel. The 5,504-SF building has previously operated as a successful daycare and as a retail marijuana store. The parcel offers parking for approximately 20 vehicles and ample outdoor space for a children’s play area or outdoor dining. Additionally, the 19,556-SF lot with NC3-55 (M) zoning offers a new owner multiple options for redevelopment. There exists the opportunity to short plat and develop a portion of the lot as townhomes, while keeping the existing building intact. Alternatively, if the new owner prefers to redevelop the entire parcel, there is a MUP ready featuring 86 studio, one, and two-bedroom units.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/ACRE

$11,137,247/AC

PRICE/SF

$256 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Retail, Office

LAND ACRES

0.45 AC

LAND SF

19,556 SF

OFFSITE IMPROVEMENTS

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

ZONING

NC3-55 (M), Seattle

APN/PARCEL ID

612660-1010

ASK ABOUT THIS PROPERTY

Dan SwansonKidder MathewsMore Info
425-444-6501

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Dan SwansonKidder MathewsMore Info
425-444-6501

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