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2605 E Cherry St - E Cherry St Development Site

0.18 Acres of Commercial Land Offered at $3,986,149 CAD in Seattle, WA 98122

Commercial Land Washington Seattle 2605 E Cherry St, Seattle, WA 98122

Investment Highlights

  • NC1-55 (M) zoning allows flexibility on investment product type (mixed-use, multifamily, condo or residential sales)
  • 2 parcels on corner location along major retail corridor from downtown Seattle to Madrona Beach
  • Average Townhouse Sale Prices: $900,000
  • Ideal for 6 - 8 townhomes, mixed-use, or 40+ microunits (5 stories)
  • High growth/ low vacancy area with rent averaging $4.00 PSF/month with 5% annual increases

Executive Summary

One of the few remaining high density development sites in the central district, this two parcel site is prime for a 5-story building or townhouses. Demand for housing is high in this area because of its prime location near downtown Seattle, major freeways and hospitals, yet it is close to parks and beaches. This is a rare opportunity to capitalize on increasing rents, and market values.

Attachments

E Cherry St Development Site

Property Facts

Price $3,986,149 CAD Property Subtype Commercial
Sale Type Investment Proposed Use
Multifamily
  • Apartment Units
No. Lots 1 Total Lot Size 0.18 AC
Property Type Land
Price $3,986,149 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units
Total Lot Size 0.18 AC

1 Lot Available

Lot

Price $3,986,149 CAD Lot Size 0.18 AC
Price Per AC $22,145,271 CAD
Price $3,986,149 CAD
Price Per AC $22,145,271 CAD
Lot Size 0.18 AC

Land for redevelopment, currently has Retail/Restaurant

Description

Single tenant retail building, restaurant, constructed 1949, on 0.18 acres of land zoned NC1-55(M).

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2605 E Cherry St, Seattle, WA - aerial map view - Image1
2605 E Cherry St, Seattle, WA - aerial map view - Image2
Walk Score ®
Very Walkable (87)
Bike Score ®
Biker's Paradise (98)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Numbers
Multiple
  • 121100-0020
  • 121100-0035
 Improvements Assessment $1,434 CAD
Land Assessment $3,580,299 CAD Total Assessment $3,581,733 CAD

PROPERTY TAXES

Parcel Numbers
Multiple
  • 121100-0020
  • 121100-0035
Land Assessment
$3,580,299 CAD
Improvements Assessment
$1,434 CAD
Total Assessment
$3,581,733 CAD

zoning

Zoning Code NC1-55(M) (Neighborhood Commercial)
NC1-55(M) (Neighborhood Commercial)
(206) 972-1651

Contact

  • Listing ID: 34397291

  • Date on Market: 2025-01-07

  • Last Updated:

  • Address: 2605 E Cherry St, Seattle, WA 98122

The Land Property at 2605 E Cherry St, Seattle, WA 98122 is currently available for sale. Contact Coldwell Banker Commercial Danforth for more information.

Land PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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2605 E Cherry St - E Cherry St Development Site
(206) 972-1651 x

2605 E Cherry St - E Cherry St Development Site

Gretchen Hamm

(206) 972-1651

(206) 972-1651

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