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310 9th Ave N
Seattle, WA 98109
9th & Thomas · Land For Sale
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0.16 AC
INVESTMENT HIGHLIGHTS
- Prime Seattle location
- Proximity to Seattle's finest amenities, restaurants and the retail core
- Core location with excellent access and transit options
- Home to major employers, tech giants, research institutions, and innovative organizations
EXECUTIVE SUMMARY
9th & Thomas is a 7,080-square-foot site has received a Master Use Permit for an 8-story office building totaling approximately 47,000 SF. Building permit is ready to issue. Seattle Mixed-South Lake Union (Urban Center) zoning is flexible and would also allow for the development of a multifamily, life science, or hospitality. The existing building is fully occupied, providing an in-place yield of 6.48% with the long-term opportunity to increase rents to market and get a yield in excess of 9.0%, or do a mid-rise redevelopment on the site. A significant amount of time and more than $1.4M has been spent on pre-development. This should significantly reduce the time it takes for a developer to deliver and stabilize the building.
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Office |
| Property Type | Land | Total Lot Size | 0.16 AC |
| Zoning | SM-SLU 175/85-280 | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Office |
| Total Lot Size | 0.16 AC |
| Zoning | SM-SLU 175/85-280 |
1 LOT AVAILABLE
Lot 198620-016
| Price | $4,239,374 CAD | Lot Size | 0.16 AC |
| Price Per AC | $26,496,087.54 CAD |
| Price | $4,239,374 CAD |
| Price Per AC | $26,496,087.54 CAD |
| Lot Size | 0.16 AC |
DESCRIPTION
9th & Thomas is a premier covered land opportunity in the heart of South Lake Union. Located on 9th Avenue North, to the north of Thomas Street and a block from Denny Park.
PROPERTY TAXES
| Parcel Number | 198620-0160 | Improvements Assessment | $1,368 CAD |
| Land Assessment | $6,663,202 CAD | Total Assessment | $6,664,569 CAD |
PROPERTY TAXES
Parcel Number
198620-0160
Land Assessment
$6,663,202 CAD
Improvements Assessment
$1,368 CAD
Total Assessment
$6,664,569 CAD
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