1445 S Cloverdale St - South Park Residential or Commercial Uses 0.35 Acres of Commercial Land Offered at $2,796,494 CAD in Seattle, WA 98108

This is a Developer's Dream in the heart of South Park and just a short drive to Georgetown, SODO and downtown Seattle, this level, corner site of 15,182 SF boasts one of the most generous zoning classifications in the entire City of Seattle -- C1-55 (M) which allows for outright use of all types of residential living up to five (5) stories including: 1) Apartments, 2) Condominiums, 3) Townhomes and/or 4) Live/Work Units. Furthermore, no commercial space is required on the main floor. In terms of Commercial uses, the following uses are also allowed outright: 1) Restaurants/Bars, 2) Lodging Accommodations, 3) Medical Services, 4) General Offices, 5) Indoor Sports/Recreation, 6) Automotive Services, 7) Marine Services including Dry Boat Storage, 8) Religious Facilities, 9) Schools, 10) Child Care, 11) Mini-Warehouses, 12) Towing Services, and much more... With 55' of maximum height, the Site will have sweeping territorial and water views over the South Park Marina and Duwamish River. The site also has an aggressive FAR of 3.75 which translates into a maximum development size of 56,932 square feet of new construction. Currently, the house on the corner (1445 S. Cloverdale St.) sits on 2 lots totaling 6,182 SF and rents for $500 per month on a month-to-month basis. In addition, the adjacent 3 lots are 3,000 SF each for another 9,000 SF which brings the total lot size to 15,182 SF. Finally, the Seller possesses detailed architectural plans for 8 townhomes (1,783 SF each) planned for just the 2 lots wherein the rental house sits that were generated in 2018 and can be included in the sale.