Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

966 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

1005 King St
Seattle, WA 98104

Land For Sale · 0.28 AC

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

CENTRAL LOCATION
LITTLE SAIGON BUSINESS DISTRICT

QUALIFIED OPPORTUNITY ZONE
COMMUNITY AND CULTURAL EVENTS

Executive Summary

Lee & Associates, as exclusive advisor, is pleased to present the opportunity to acquire 1005 King Street (the “Project”), a premier development site in the International District, one of Seattle’s most transformative submarkets. The 12,000 SF site, zoned DMR/C 75/75-170, offers significant potential with a maximum buildable height of 170’ for mixed-use and 75’ for residential developments. d/Arch LLC architect has provided designs for an 8-story, 100-unit multifamily development as well as an initial design for a 7-story, 90-unit multifamily development. Both designs capitalize on the upper-level views of Elliott Bay, making them attractive for residents seeking impressive water and city views. Centrally located in Seattle’s vibrant Little Saigon neighborhood, the project is situated only minutes from Downtown Seattle. Offering unparalleled convenience, the property enjoys excellent accessibility to various transportation options. It provides direct freeway access to I-5 and I-90, a five-minute walk to the First Hill Streetcar stop at S Jackson St & 12th Ave S, and a 10-minute walk to the King Street Light Rail Station.

PROPERTY FACTS

Sale Type	Investment	Proposed Use	Apartment Units
No. Lots	1	Total Lot Size	0.28 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype	Commercial

Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Apartment Units
Total Lot Size	0.28 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price	£4,450,505	Lot Size	0.28 AC
Price Per AC	£15,894,661

Price	£4,450,505
Price Per AC	£15,894,661
Lot Size	0.28 AC

1005 King Street is a unique investment opportunity, offering a prime developmentsite within an Opportunity Zone in the growing International District.

PROPERTY TAXES

Parcel Number	817010-0205	Improvements Assessment	£788
Land Assessment	£2,221,314	Total Assessment	£2,222,102

PROPERTY TAXES

Parcel Number

817010-0205

Land Assessment

£2,221,314

Improvements Assessment

£788

Total Assessment

£2,222,102

zoning

Zoning Code	DMR/C 75/75-170
DMR/C 75/75-170

Listing ID: 31978527
Date on Market: 31/05/2024
Last Updated:
Address: 1005 King St, Seattle, WA 98104

1 of 2

VIDEOS

3D TOUR

PHOTOS

STREET VIEW STREET

MAP

1/2

This feature is unavailable at the moment.