9057-9059 16th Ave SW
- Shovel Ready Development Opportunity
- Limited New Multifamily Supply
- Transit-Oriented White Center Location
- Established Demographics
- 1-Mile Radius Household Income of $130K
Property Description
The offering consists of a 9,864 SF (0.23-acre) development site comprised of two parcels. Situated within the Westwood-Highland Park Urban Center, the Property is zoned LR3 RC (M) and shovel ready for a 72-unit multifamily development totaling approximately 29,365 GSF (2.98 FAR). The approved project includes a four-story building with a basement, elevator, bike storage, and a courtyard-level common area. The Master Use Permit (MUP) and Building Permit are ready for issuance, with approximately $220,000 remaining to be paid through Seattle’s Mandatory Housing Affordability (MHA) program.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $899,000 |
| No. of Units: | 1 |
| Lot Size: | 0.23 Acres |
| Opportunity Zone: | No |
| Price per unit: | $899,000 |
| Property Website | Click Here |
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