East Seattle Redevelopment

$6,375,000
Sold

Property Highlights

ORION Commercial Partners is excited to offer for sale a rare 1/2+ acre redevelopment site located at 4020 NE 55th Street in Seattle, WA. The site is currently home to the Hawthorne Hills Veterinary Hospital which is owned and operated by the current property owners.

The subject property’s location makes it ideal for a number of end uses, including, but not limited to: condos, townhomes, live/work, assisted living, as well as numerous commercial uses. The quiet neighborhood setting, proximity to hospitals, University of Washington, U-Village and prominent upscale neighborhoods, all make this opportunity extremely appealing.

There is a significant lack of supply of multi-family units in the highly desirable East Seattle submarket with median home values over $685,000 and average household income of over $128,000 in a 1-mile radius.

Zoned NC2P30, the site has a pedestrian overlay which is designed to preserve and encourage intensely pedestrian-oriented developments. Adding to this, the subject property is situated right on a bus-line, with a bus shelter directly in front of the property.

With extremely strong demographics and a lack of multifamily product, this location is an ideal redevelopment opportunity.

Location

4020 NE 55th St, Seattle WA 98105

Agent

Scott Clements

206-445-7664
206-793-1074

David Butler

206-445-7665
425-890-7919

Contact

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