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Listed by:COMPASS • Andrea Hettinga Kearns
$ 1,550,000
Est. payment /mo
New
1908 E Madison ST Seattle, WA 98122
5,384 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Capitol Hill
MLS Listing ID 2581574
Style 43 - Comm/Industrial
Annual Tax Amount $28,860
Lot Size 5,384 Sqft
Property Sub-Type Land
Property Description
Prime buildable 5384 sq ft lot on Capitol Hill, offering incredible potential in a highly sought-after area. Zoned NC3P75 (M), it allows for up to 75 feet tall of future development (6-7 stories), making it ideal for a mixed-use project. Future building can be used as apartments, condos, office space, hotel, grocery or retail. The possibilities are endless! The current structure on the land is 2802 sq ft that was taken down to the studs in 1995. It was previously used as a law office for many years with 10 rooms, 2 bathrooms and an apartment in the basement with a separate entrance that includes a full kitchen. There is also a parking lot in the back that can fit 4 cars. Lots of options for adaptive reuse or redevelopment. Located in a high demand area near major transit routes, shopping, and dining, with easy access to downtown Seattle and surrounding neighborhoods. This site offers unparalleled convenience for future residents and businesses. A prime opportunity to build in an established and high demand community! Seller open to owner financing.
Location
State WA
County King
Area 390 - Central Seattle
Interior
Fireplace false
Exterior
Utilities Available Electricity Connected, Natural Gas Available
View Y/N No
Building
Lot Description Paved, Sidewalk
Sewer On Property
Water On Property
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash, Conventional, Owner Will Carry
Listing Terms Cash, Conventional, Owner Will Carry
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