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5222-5236 Delridge Way SW - Delridge Mid-Rise Opportunity – NC2P55(M) 0.55 Acres of Commercial Land Offered at $4,848,340 CAD in Seattle, WA 98106



Investment Highlights
- 5-parcel NC2P55 (M) assemblage with nearly 24,000 SF of development land
- Prime Delridge corridor location near RapidRide H Line and future light rail
- 15 existing apartment units for income and flexibility during permitting
Executive Summary
Strategically positioned along West Seattle’s rapidly evolving Delridge corridor, this rare 5 parcel assemblage (approx. 23,760 SF) delivers scale, zoning, and income in one offering. NC2P 55(M) zoning invites a true midrise vision—up to five stories of residential over active ground floor commercial—right in the path of ongoing growth, infrastructure investment, and neighborhood revitalization. The property currently features 15 apartment units, with a mix of rented and vacant homes that provide immediate cash flow, upside through lease up, and flexibility during design and entitlement. Generous frontage, strong visibility, and easy access to the RapidRide H Line connect future residents to jobs, services, and the core city, while the forthcoming West Seattle light rail will further enhance long term demand and exit strategies. Assemblages of this size and quality are increasingly hard to find. Whether your plan is mixed use, all residential, or a phased redevelopment, this site checks the boxes: scale, zoning, transit, and story. Bring your architect, your vision, and your preferred builder—Delridge’s next signature project starts here.
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Property Facts
| Price | $4,848,340 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.55 AC |
| Property Type | Land | ||
| Zoning | NC2P-55 | ||
| Price | $4,848,340 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.55 AC |
| Zoning | NC2P-55 |
1 Lot Available
Lot
| Price | $4,848,340 CAD | Lot Size | 0.55 AC |
| Price Per AC | $8,888,615.66 CAD |
| Price | $4,848,340 CAD |
| Price Per AC | $8,888,615.66 CAD |
| Lot Size | 0.55 AC |
Rare 5-parcel NC2P-55(M) assemblage in West Seattle’s Delridge corridor. Approx. 23,760 SF with 15 existing apartments for income and flexibility. Ideal mid-rise mixed-use or multifamily redevelopment near transit and future light rail.
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Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $944,734 CAD | |
| Land Assessment | $3,291,330 CAD | Total Assessment | $4,236,064 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$3,291,330 CAD
Improvements Assessment
$944,734 CAD
Total Assessment
$4,236,064 CAD
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5222-5236 Delridge Way SW - Delridge Mid-Rise Opportunity – NC2P55(M)
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