Broadway Opportunity Zone Assemblage-Redevelopment Build as tall as 15 stories or 160' with the recently up-zoned MU15 designation. Early feasibility studies suggest potential multifamily development projects from 40-120+ units are possible with podium-style 5/1 or 5/2 construction with ample parking and water/mountain/cityscape views. Type 1 construction within the MU15 zoning… Read More allows for a theoretical maximum yield of 420-480 units over multiple parcels. No minimum parking required. Density controlled by height (not units per acre). MFTE eligible to enhance financing and provide additional long-term exemptions. SEPA exemption eligible. Qualified Opportunity Zone location along Transit Corridor offering access to potential capital gains and tax deferral benefits. Currently ready to submit permits for a 14-unit or 15-unit option townhome project. Also possible to build medical office w/ parking, retail, commercial, mixed-use. Potential working capital safe period via QOZ. *QOZ- Opportunity Zone *Potential Seller Financing Available *Permit ready for 15 townhomes-Seller will take through permitting if desired *Seller open to fee building townhomes for buyer-price includes permitted TH plans. Read Less
Listing courtesy of Capstone Commercial
Listing Snapshot
Cumulative Days On Market
43
Days on Website
41
Last Updated
Property Type
Land
Lot Size
0.28 Acres
MLS Number
2535749
30 Days Snapshot Of 98201
$560k
-7%
(avg) sold price
26
-3%
homes sold
42
-14%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface: "Paved"
Building
Building Area Total: 0, Building Area Units: Square Feet, Calculated Square Footage: 0, Elevation Units: Feet, Living Area: 0, Structure Type: "None"
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listings last updated on ,
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