NORTH SEATTLE DEVELOPMENT SITEimages4.loopnet.com/d2/gW_-1jvbGHPQ3YCKOwGbj6nJZCrfSp6o5b… · This...

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23-UNIT PERMITTED APARTMENT DEVELOPMENT NORTH SEATTLE DEVELOPMENT SITE 1109 N. 92 ND STREET. | SEATTLE, WA Drew Smith 206.910.6340 [email protected] Patrick Suarez 206.325.9300 [email protected]

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Page 1: NORTH SEATTLE DEVELOPMENT SITEimages4.loopnet.com/d2/gW_-1jvbGHPQ3YCKOwGbj6nJZCrfSp6o5b… · This location in North Seattle features close proximity to Highway 99 and I-5, Greenwood

23-UNIT PERMITTED APARTMENT DEVELOPMENT

NORTH SEATTLE DEVELOPMENT SITE 1109 N. 92ND STREET. | SEATTLE, WA

Drew Smith 206.910.6340 [email protected]

Patrick Suarez 206.325.9300 [email protected]

Page 2: NORTH SEATTLE DEVELOPMENT SITEimages4.loopnet.com/d2/gW_-1jvbGHPQ3YCKOwGbj6nJZCrfSp6o5b… · This location in North Seattle features close proximity to Highway 99 and I-5, Greenwood

2 | Urban Commercial Partners

All square footage references are approximations. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty, or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Drew Smith 206.910.6340 | [email protected]

Patrick Suarez 206.325.9300 | [email protected] 1109 N 92nd St | Seattle, WA 98103

Offering

Property Description

DPD Permit Project # 3023504

Unit Count 23 Efficiency Dwelling Units

Avg. Unit Size 381 SF

Total Building Size 12,974 SF Gross Area

Amenities Common area, laundry area & rooftop deck

Parking None

Development Overview

This project is shovel-ready! Building and

demolition permits have been issued for the

development of 23 efficiency dwelling units.

The proposed development has an average unit

size of 381 square feet and includes common area,

on site laundry and rooftop deck. Total gross

building size is 12,974 square feet and it will sit

on 3,760 square feet of C1-65 zoned property.

This location in North Seattle features close

proximity to Highway 99 and I-5, Greenwood

Avenue North and just a few blocks from North

Seattle Community College and Licton Springs

Park, which is ideal for affordable apartment

living.

Site Characteristics

Address 1109 N. 92nd St.

City, State Seattle, WA

Price $1,450,000

Price / SF (Land) $385

Price / Unit $63,043

Parcel No. 952410-0115

Lot SF 3,760 SF

Acres 0.09 Acres

Zoning C1-65

Overlay Aurora-Licton Springs Urban Village

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3 | Urban Commercial Partners

All square footage references are approximations. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty, or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Drew Smith 206.910.6340 | [email protected]

Patrick Suarez 206.325.9300 | [email protected] 1109 N 92nd St | Seattle, WA 98103

Renderings

NORTH ELEVATION SOUTH ELEVATION

WEST ELEVATION

EAST ELEVATION

Page 4: NORTH SEATTLE DEVELOPMENT SITEimages4.loopnet.com/d2/gW_-1jvbGHPQ3YCKOwGbj6nJZCrfSp6o5b… · This location in North Seattle features close proximity to Highway 99 and I-5, Greenwood

4 | Urban Commercial Partners

All square footage references are approximations. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty, or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Drew Smith 206.910.6340 | [email protected]

Patrick Suarez 206.325.9300 | [email protected] 1109 N 92nd St | Seattle, WA 98103

Location & Neighborhood

Activities | The Greenwood & Licton Springs communities

offer many restaurants, parks and easy transportation to

Downtown Seattle, Northgate Mall and Green Lake.

Neighborhood | This community has seen new development

in homes, townhomes, community and commercial spaces to

better suit the neighborhood’s growing population.

Tenant Base | The building owner will enjoy a strong tenant

base of North Seattle Community College students, Amazon

employees and Greater Seattle professionals.

SUBJECT PROPERTY

Page 5: NORTH SEATTLE DEVELOPMENT SITEimages4.loopnet.com/d2/gW_-1jvbGHPQ3YCKOwGbj6nJZCrfSp6o5b… · This location in North Seattle features close proximity to Highway 99 and I-5, Greenwood

5 | Urban Commercial Partners

All square footage references are approximations. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty, or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Drew Smith 206.910.6340 | [email protected]

Patrick Suarez 206.325.9300 | [email protected] 1109 N 92nd St | Seattle, WA 98103

Bus Lines

Street Car Line

Light Rail Line

Future Light Rail Line

LEGEND

Transportation

Bus | Parks, schools, restaurants and shopping centers are

located along major transit routes.

Car | This community has seen tremendous growth over the

years and new development in homes, townhomes, community

and commercial spaces continues today.

Bike | Quickly navigate to Green Lake, Northgate Mall,

Seattle Community College and Downtown. The area has

also welcomed new additions to the bike-share programs

SUBJECT PROPERTY

Page 6: NORTH SEATTLE DEVELOPMENT SITEimages4.loopnet.com/d2/gW_-1jvbGHPQ3YCKOwGbj6nJZCrfSp6o5b… · This location in North Seattle features close proximity to Highway 99 and I-5, Greenwood

6 | Urban Commercial Partners

All square footage references are approximations. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty, or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Drew Smith 206.910.6340 | [email protected]

Patrick Suarez 206.325.9300 | [email protected] 1109 N 92nd St | Seattle, WA 98103

Trip Radius

Walking | 15 minutes will get you to Seattle Community College,

local parks, grocery stores and restaurants

Car | 30 minutes will get you as far North as Everett, East as

Redmon and South as SeaTac

Bike | 30 minutes or less will get you to Northgate Mall, Green

Lake, Ballard Neighborhood and South Lake Union

Bus | 30 minutes or less will get you to Shoreline, Amazon

Campus, South Lake Union and Downtown Seattle.

Page 7: NORTH SEATTLE DEVELOPMENT SITEimages4.loopnet.com/d2/gW_-1jvbGHPQ3YCKOwGbj6nJZCrfSp6o5b… · This location in North Seattle features close proximity to Highway 99 and I-5, Greenwood

7 | Urban Commercial Partners

All square footage references are approximations. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty, or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Drew Smith 206.910.6340 | [email protected]

Patrick Suarez 206.325.9300 | [email protected] 1109 N 92nd St | Seattle, WA 98103

Area View

SUBJECT PROPERTY

Page 8: NORTH SEATTLE DEVELOPMENT SITEimages4.loopnet.com/d2/gW_-1jvbGHPQ3YCKOwGbj6nJZCrfSp6o5b… · This location in North Seattle features close proximity to Highway 99 and I-5, Greenwood

8 | Urban Commercial Partners

All square footage references are approximations. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty, or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Drew Smith 206.910.6340 | [email protected]

Patrick Suarez 206.325.9300 | [email protected] 1109 N 92nd St | Seattle, WA 98103

Neighborhood View

SUBJECT PROPERTY

NORTHGATE MALL

NORTHGATE

TRANSIT CENTER

NORTH SEATTLE

COMMUNITY COLLEGE