1/2 Acre High Rise Development Site/Seattle, WA

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Seattle, WA

High-Rise Development Opportunity: Located in the heart of Seattle, this ±21,000 square foot (0.50-acre) site presents a premier high-rise development opportunity.
Rare 1/2 Acre Lot in Downtown Seattle: Opportunity to acquire nearly a half-acre of urban land, an increasingly scarce asset in one of the nation's most competitive markets.
Close Proximity to Major Employers: Strategically located at the epicenter of Seattle's Denny Triangle and South Lake Union neighborhoods, provides direct access to major employers such as Amazon.
Return to Office Momentum: Nearly one year after Amazon's requirement that workers return to the offices five days a week, downtown Seattle foot traffic has reached levels not seen since 2019. South Lake Union has been the direct beneficiary of the return-to-office mandate, with daily foot traffic achieving over 92% of 2019 levels.
Affluent Resident Base: The Site is positioned within one of Seattle's strongest submarkets, surrounded by a highly affluent resident base. Within a quarter mile, average household incomes reach $183,290, reflecting a renter demographic among the most affluent in the Seattle MSA.
Covered Land Play: The Site includes a vacant office building with approximately ±21,000 square feet available for lease along with 42 surface parking stalls. This offering provides investors with the opportunity to generate additional income which will offset the costs associated with land carry and entitlement.