About this home

Exceptional development parcel in West Seattle’s Alki–Admiral corridor, offering a rare combination of immediate income and long-term development potential. The property’s existing drive-thru coffee tenant provides steady cash flow to offset carrying costs during the entitlement. Zoned C1-55(M), the site allows for a gross buildable area of approximately 32,250 SF, accommodating 46 residential units and 23 parking stalls. Developers and owner-users alike can take advantage of the 55-foot height limit to capture potential panoramic views of Elliott Bay and the Seattle skyline. Minutes from the West Seattle Bridge, Alki Beach, and Downtown, this property offers a prime investment opportunity in a highly desirable location.

Property details

Water source: On Property
Sewer: Available
Utilities: Electricity Connected, Natural Gas Available

Estimate your monthly payment

$8,090/mo

Principal & interest: $8,090

Down payment (20%) $320,000 Interest rate (%) Loan term (years)

Loan amount $1,280,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Seattle, WA 98126

Approximate location. Contact us to confirm the exact address.

Listing courtesy of WPI Real Estate Services, Inc.— Wesley Lau.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

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