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Listing provided courtesy of Ryan Downing, Capstone Commercial.
Source NWMLS.
1621 E Olive Way, Seattle, WA 98102
--
bed
--
bath
5,700
ft2 lot
$3,990,000
Development site with frontage on East Olive Way and Belmont Ave East in the Capitol Hill area of Seattle, WA. Property consist of 5700 square feet of land zoned NC3P-75(M). Existing structure is 1850 square feet and has four tenants with lease terms expiring starting in May of 2021 and the last lease expiring in June of 1024. Great opportunity to generate income from the existing tenant base while working through the planning and permitting process with the City of Seattle. Excellent NC3P-75(M) zoning allows development height up to 75 feet. This high density zoning should allow for a mixed use project with over 50 residential units.
HOA
$—/month
On market
1 month
Year built
Property type
42 Multi Family,Vacant Land
Parking
MLS
1752940
Price / Sq.Ft.
ft2
Status
Active
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Property Details
Property, Lot, Community & Exterior Features
Zoning
Multi-Family
Lot Size Source
King Co
Mls Prop Type
42 - Multi-Family, Vacant Land
Zoning Type
City
Style
42 - Multi-Family
Mls Property Type
Vacant Land
Utilities & Other Information
Sewer
On Property
Water
Available, On Property
Gas
Available
Electric
Available
Listing Details, Costs & Financing Information
Form 17
Provided
Possession
Sub. Tenant's Rights
Buyer's Agent Commission
2.5
Terms
Cash Out
Sale Type
MLS
Status
Active
Offers
RECEIPT
Preliminary Title Ordered
Preliminary Title Ordered
Apn
6848200675
School Neighborhood & Directions
Road Info
County Maintained
Directions
Drive on E Olive to 1621 through 1635.
Details provided by NWMLS and may not match the public record.The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: May 06, 2021 6:05pm
Neighborhood snapshot
Flyhomes
Washington
King County
Seattle
Capitol Hill
91
Properties for sale
17
Median days on market
$618.73
Median sold price/sqft
98.91%
Sold/List %
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Property History
04/05/2021
04/05/2021
NWMLS #1752940
active
NWMLS #1752940
$3,990,000
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Courtesy of NWMLS
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