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411-415 Westlake Ave N - High Rise Development Land 0.45 Acres of Commercial Land Offered at $35,276,191 CAD in Seattle, WA 98109
INVESTMENT HIGHLIGHTS
- Vested tower opportunity
- Great view potential
- Highly walkable and in the heart of Amazon’s South Lake Union Campus
- Located near over ~1.6 million SF of recently delivered office and lab space
EXECUTIVE SUMMARY
DATA ROOM Click Here to Access
- 01 Title and Survey
- 02 Phase 1 ESA
- 03 Design
PROPERTY FACTS
| Price | $35,276,191 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.45 AC |
| Zoning | SM-SLU 175 - Allows for a residential tower of 280’ (with ground-floor retail) or an entirely commercial/lab building with a base FAR of 8.0. | ||
| Price | $35,276,191 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.45 AC |
| Zoning | SM-SLU 175 - Allows for a residential tower of 280’ (with ground-floor retail) or an entirely commercial/lab building with a base FAR of 8.0. |
1 LOT AVAILABLE
Lot
| Price | $35,276,191 CAD | Lot Size | 0.45 AC |
| Price Per AC | $79,044,797.81 CAD |
| Price | $35,276,191 CAD |
| Price Per AC | $79,044,797.81 CAD |
| Lot Size | 0.45 AC |
Purchase of fee simple interest of properties, including vested tower development opportunity.
DESCRIPTION
The Property has a complete Master User Permit submittal for a 29-story, 342-unit residential tower, with approximately 14,000 SF of ground floor retail and 230 parking stalls. Program elements can be amended by Purchaser. The Property is located on the west side of Westlake Ave and consists of two parcels with a total land area of 19,440 square feet located in the heart of South Lake Union (SLU). The combined parcels form a rectangular shape, approximately 108 feet by 180 feet. The Property slopes gradually to the north towards Lake Union. Situated in the middle of a dynamic mix of office, residential, institutional/R&D and retail uses, it is one of only three remaining sites in South Lake Union that allow a residential tower.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,778 CAD | |
| Land Assessment | $13,809,172 CAD | Total Assessment | $13,810,950 CAD |
PROPERTY TAXES
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411-415 Westlake Ave N - High Rise Development Land
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