5907 Martin Luther King Jr Way S, Seattle WA, 98118
(Active)
$12,000,000
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MLS# 2153442
Last Updated: 5/8/2024 2:44 AM
Description for
5907 Martin Luther King Jr Way S
Seattle, WA 98118
The Owner is selling ~81,544 SF of land (a portion of parcel #2224049028), including a 10,400 SF office building completed in 2015. The parcel is zoned NC2-75 (M). The Owner seeks to retain approximately 16,000 land SF of the westernmost portion of the current 97,544 SF parcel, including the westernmost building (outlined in yellow in most of the attached graphics). NC2-75 (M) zoning allows various commercial and residential uses. Residential multifamily or townhomes are likely the highest and best use. Preliminary yield studies indicate that the Site could accommodate 295 multifamily units or 57 townhomes utilizing all for-sale land.
Price
$12,000,000
Hillman City
King
2153442
Active
Description
The Owner is selling ~81,544 SF of land (a portion of parcel #2224049028), including a 10,400 SF office building completed in 2015. The parcel is zoned NC2-75 (M). The Owner seeks to retain approximately 16,000 land SF of the westernmost portion of the current 97,544 SF parcel, including the westernmost building (outlined in yellow in most of the attached graphics). NC2-75 (M) zoning allows various commercial and residential uses. Residential multifamily or townhomes are likely the highest and best use. Preliminary yield studies indicate that the Site could accommodate 295 multifamily units or 57 townhomes utilizing all for-sale land.
Listing Information
| Property Type: Land, Other | ||
| 1.87 Acres | See Remarks | |
Hillman City
Electricity Connected
Neighborhood
School Information
| District: Seattle | ||
Room Information
Interior Features
Other,
None
Exterior / Lot Features
NC2-75 (M)
Driving Directions
On MLK Jr Way S
Financial Considerations
| 2224049028 |
Conventional
Listing Price History
Seattle Real Estate
Seattle is located in Washington. Seattle, Washington 98118 has a population of 758,862.
The median household income in Seattle, Washington 98118 is $87,093. The median household income for the surrounding county is $102,088 compared to the national median of $66,222. The median age of people living in Seattle 98118 is 41 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
| Street Address | City | Beds | Baths | Sold Price | Sold Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 8/21/2023 | Active | $12,000,000 USD |
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