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6950 S 123rd St
Seattle, WA 98178

$1,700,000 USD

Land For Sale  •  2 AC

Property Details

  • Property Type Land
  • Lot Size 2 AC
  • Zoning R-24
0 Transit Score
39 Walk Score

Description 

All building, engineering & structural design are approved. All permits are ready to be issued. This development site is proposed for building 52 units with a mix of studios, 1-bed, 2-bed, 3-bed & townhomes units.
Located in the outskirts of Seattle, it is in the federally-designated Opportunity Zone with light walking distance to Skyway Park, easy access to I-5 & I-405, few minutes to SeaTac International Airport.
The operator of the completed project may benefit from the recent annual rent growth of at least 5% per year.
Also, an investor looking for favorable treatment of capital gains taxes on most investment vehicles may benefit from the Opportunity Zone designation of the site.

Highlights

53-Units in Studios, 1-3 Bedrooms & Townhomes
Opportunity Zone
Easy I-5 & I-405 Access

Public Transportation

Commuter RailDriveWalkDistance
Tukwila Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) 10 min - 4.1 mi
Kent Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) 17 min - 10.0 mi
AirportDriveWalkDistance
Seattle-Tacoma International 17 min - 6.3 mi
Seattle Paine Field International 47 min - 33.6 mi
Jonathan Nicoli 206-888-1166 ZeptoRE
Jonathan Nicoli 206-888-1166 ZeptoRE