North Beacon Hill development site, zoned LR3 urban village and situated on a 7,610 SF lot. This covered land play presents a unique income-producing development opportunity with the existing duplex that currently generates $63,000 in gross annual income, providing immediate cash flow for investors during the pre-development or entitlement process. The site supports higher density residential or mixed-use development. The zoning flexibility allows for long-term appreciation through redevelopment while retaining near-term income from the existing duplex. This dual profile makes the offering attractive to both investors seeking cash flowing assets and developers targeting urban infill opportunities.
| MLS # | 2440345 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 353 |
| Listing Provided By | Urban Commercial Partners, LLC | Jason Elrod |
| Zoning | LR3(M) |
|---|---|
| Acreage | 0.17 |
| Property View | Yes |
| Property | 12083 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98144 |
| Area | 385 SODO | Beacon Hill |
| Community Name | Beacon Hill |
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98144 |
| Area | 385 SODO | Beacon Hill |
| Community Name | Beacon Hill |
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$4,700,0002350 Beacon AvenueSeattle, WA 98144 |