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2605 E Cherry St
Seattle, WA 98122

$2,775,000 USD

Land For Sale  •  0.18 AC

Property Details

• Property Type Land
• Lot Size 0.18 AC
• Zoning NC1-55(M)

58 Transit Score

87 Walk Score

Description

Single tenant retail building, restaurant, constructed 1949, on 0.18 acres of land zoned NC1-55(M).

Highlights

NC1-55 (M) zoning allows flexibility on investment product type (mixed-use, multifamily, condo or residential sales)

Ideal for 6 - 8 townhomes, mixed-use, or 40+ microunits (5 stories)

2 parcels on corner location along major retail corridor from downtown Seattle to Madrona Beach

High growth/ low vacancy area with rent averaging $4.00 PSF/month with 5% annual increases

Average Townhouse Sale Prices: $900,000

Property Flyers

E Cherry St Development Site

Public Transportation

Commuter Rail	Drive	Walk	Distance
King Street (Seattle) Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder))	7 min	-	2.1 mi
Airport	Drive	Walk	Distance
Seattle-Tacoma International	26 min	-	15.3 mi
Seattle Paine Field International	38 min	-	25.1 mi