$1,400,000
Prime corner lot development opportunity in Seattle's Central District — one of the city's most historically significant and rapidly transforming urban neighborhoods. This 3,600 SF corner parcel is zoned LR2(M), unlocking increased height and density potential beyond standard LR2. The Mandatory Housing Affordability designation allows for up to 40-foot building height and 1.6 FAR — meaning up to approximately 5,760 buildable square feet — in exchange for an affordable housing contribution or on-site inclusion requirement. Corner positioning offers flexible site design, enhanced visibility, and superior development potential compared to mid-block parcels. Rear alley access provides additional utility for parking, services, and building ingress. New multifamily development is evident throughout the immediate surrounding blocks, reflecting the neighborhood's ongoing transformation. Located within walking distance of Swedish Hospital Cherry Hill, Seattle University (0.6 miles), and Garfield High School. Minutes to Capitol Hill, First Hill, and downtown Seattle with convenient I-5 access and robust Metro transit connectivity — all key demand drivers for future tenants. Buyer to verify all zoning, permitting, and development feasibility with the City of Seattle SDCI
2530638
MLS
⋅
ACTIVE
Status
601 21st Avenue, Seattle
Listing courtesy of Asay Realty.
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