ENTITLED MULTIFAMILY DEVELOPMENT SITE · Excellent transit, multiple bus routes stop adjacent and...
8
ENTITLED MULTIFAMILY DEVELOPMENT SITE CAPITOL HILL PRICE REDUCTION
Transcript of ENTITLED MULTIFAMILY DEVELOPMENT SITE · Excellent transit, multiple bus routes stop adjacent and...
ENTITLED MULTIFAMILYDEVELOPMENT SITE
CAPITOL HILLPR
ICE RE
DUCTION
COLLIERS INTERNATIONAL2
Colliers International’s McKay | Chhan | Wayne present 323 Bellevue, a fully entitled 43-unit development in Seattle’s Capitol Hill neighborhood. The six-story structure provides 14 parking stalls below-grade, amenity space at ground level and a rooftop deck. 323 Bellevue features unobstructed Western-facing views, efficient unit layouts and the ability to build apartments or condos. Walking distance to major employment centers including Amazon’s HQ, South Lake Union, the Seattle CBD and First Hill Medical Center. Future tenants will appreciate abundant neighborhood amenities including retail, dining, entertainment and the Link Light Rail Capitol Hill station, all within a short walk. Building permits have been issued by the City of Seattle allowing a developer to break ground promptly and avoid pending Mandatory Housing Affordability (MHA) rent restrictions and development fees.
EXECUTIVE SUMMARY
96 WALK SCORE
Walkers paradise, with abundant neighborhood retail, dining, entertainment and recreational amenities.
87 TRANSIT SCORE
Excellent transit, multiple bus routes stop adjacent and the Link Light Rail Capitol Hill Station is a 9 minute walk.
KILLER VIEWS
Western facing units will have unobstructed views to Elliott Bay, Lake Union and the Seattle skyline.
PREMIER CAPITOL HILL LOCATION
Capitol Hill is Seattle’s top submarket for livability in Seattle, with market leading rent growth, low vacancy rates, and pent up demand to buy.
TREMENDOUS ACCESS TO JOBS
Close proximity to Amazon HQ, South Lake Union, the Seattle CBD and First Hill Medical Centers.
SALE PRICE: $4,000,000
COLLIERS INTERNATIONAL 3
PROPERTY SUMMARY
Address 323 Bellevue Ave E Seattle, WA 98102
Site Area 7,200 SF (0.17 acres)
Overlays Capitol Hill Urban Center Village
Parcel 684770-0410
Zoning MR
Unit Count 43
Parking 14
Total NRSF 22,283
FAR 3.09
Amenity Area 1,383
Height 60’
Avg Unit SF 420
PROPERTY DETAILS
UNIT MIX
1 Studio
20 Open 1 Bedroom
10 2 Bedroom
SEATTLE CBD
SEATTLE CENTER
12 1 Bedroom
COLLIERS INTERNATIONAL4
CENTER OF SEATTLE
83Transit Score
Bike Score
81
CAPITOL HILL
STATION
WESTLAKE STATION4 MINS
SEATAC AIRPORT STATION40 MINS
Walk Score
96
COLLIERS INTERNATIONAL 5
SEATTLE CBD
QUEEN ANNE
FREMONT WALLINGFORD
UNIVERSITY DISTRICT
CAPITOL HILL
SOUTH LAKE UNION
COLLIERS INTERNATIONAL6
COLLIERS INTERNATIONAL 7
VIEWS TO THE NW
VIEWS TO THE SW
SAM WAYNEAssociate Vice PresidentDirect: +1 206 515 [email protected]
TIM MCKAYSenior Vice PresidentDirect: +1 206 223 5586 [email protected]
DAN CHHANSenior Vice PresidentDirect: +1 206 223 [email protected]
