OFFERING MEMORANDUM FOR SALE Development Opportunity 1790 & 1794 Alki Avenue SW, Seattle, WA 98116
PRICE REDUCTION $2,990,000
Andy Bethel Roger Lorenze For more information, please contact: 206.683.7529 206.406.1547 [email protected] [email protected] Offering Summary
Ewing & Clark, Inc. is excited to present this rare and prominent Alki development property for sale. This site consists of two adjacent parcels, for a combined lot size of 15,400 square feet, zoned LR2 (M). The location is in one of Seattle’s most desired neighborhoods due to its sandy beaches, incredible views, and proximity to West Seattle’s commercial core. This predominately flat rectangular coastal site, with its proximity to the water and breath-taking views, offers a developer or a homeowner an ideal location for their next project. Whether it is rowhouses, townhouses, or an apartment building, you cannot find a better location in Alki.
address 1790 & 1794 Alki Avenue SW Seattle, WA 98116
Price: $2,990,000 ($194/SF)
Parcel Numbers (one duplex & one single family home): #0139000225 #013900228 This information 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 rep- resentation about it. It is your responsibility to independently confirm itsB uildings:accuracy Duplex (Vacant) and completeness. Single family home (Vacant) 2110 Western Ave., Seattle, WA 98121 www.EwingandClark.com Built: 1910 & 1938
Total Site Size: 15,400 Square Feet (.35 acres-200 feet deep x 77 feet Alki Frontage )
Zoning: LR2 (M) - Lowrise 2 (40 feet)
Andy Bethel 206.683.7529 [email protected] For more information,please contact: 2 Roger Lorenze 206.406.1547 [email protected] Zoning - Subject Property
STANDARDS (Lowrise 2 (LR2)
MAXIMUM FAR Townhouse/Rowhouse 1.4 Apartment 1.4 (base) 1.6 (if 35% of lot is open space)
Height Limit 40 feet Dimensions 200 feet x 77 feet Alki Frontage Density Limit No limit
SETBACKS Front 5 feet minimum 7 feet average Rear 10 feet minimum with alley 77 feet Alki Frontage 15 feet minimum if no alley Sides 5 feet minimum 7 feet average 200 feet Design Standards Modulation required for front and side facades Upper-Level Setback 12 feet for front facades taller than 40 feet Minimum parking 1 per unit; no minimum in urban villages if within a quarter mile of a street with frequent transit service
Buyer to confirm future height, maximum FAR limits & standards, and lot dimensions.
2110 Western Ave., Seattle, WA 98121 This information 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 www.EwingandClark.com 3 to independently confirm its accuracy and completeness. Neighborhood Highlights
• The waterfront property is centrally located along Alki, just 5 miles southwest of Downtown Seattle. This area is the most sought-after neighborhood in West Seattle and was ranked one of the best places to live in Washington State. The site lends itself to a multitude of development opportunities, with spectacular unobstructed views of Elliott Bay, all the way to the Olympic Mountains. • Alki is well known for its stunning beach, parks, community centers, picturesque views and numerous retail amenities including restaurants, cafes, boutique shopping and outdoor equipment rentals. The Alki Trail, a flat paved 3.7-mile path, which runs along the West Seattle shoreline, is one of Seattle’s most popular gathering spots. This location allows residents of all ages, living in apartments, condominiums and single-family homes, to enjoy incredible outdoor activities such as volleyball, cycling, roller skating, bike riding, swimming, walking, scuba diving, and paddle boarding; while providing residents with easy access to Downtown Seattle via the Harbor Avenue Water Taxi (a beautiful 15-minute boat ride). • Alki’s nearby surrounding neighborhoods (Admiral District, The Junction and Delridge) provide additional parks, schools, vibrant commercial districts, residential neighborhoods and one of the best public golf courses in the Seattle area. • This is a unique opportunity for a developer to acquire a once in a lifetime, 50-yard line property, with luxury residential views.
2110 Western Ave., Seattle, WA 98121 This information 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 www.EwingandClark.com 4 to independently confirm its accuracy and completeness. demographics
This information 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 rep- resentation about it. It is your responsibility to independently confirm its accuracy and completeness.
2110 Western Ave., Seattle, WA 98121 www.EwingandClark.com
Andy Bethel 206.683.7529 [email protected] For more information,please contact: 5 Roger Lorenze 206.406.1547 [email protected] aerial map
Harbor Ave SW SW Admiral Way Salty’s on Alki Beach Water Taxi
Metropolitan Market Luna Park Hamilton Viewpoint Park California Ave SW California Ave SW Admiral Theater PCC Community Market
Alki Ave SW SW Admiral Way Way Admiral SW 1790 & 1794 Alki Ave. SW Way Admiral SW
Alki Ave SW Schmitz Preserve Park
Alki Beach Duke’s Seafood Alki Playground and Whale Tail Park
Alki Beach Park
SW Admiral Way Way Way Admiral Admiral SW SW
Starbucks
Cactus Alki Beach Beach Dr SW
Alki Ave SW
Alki Point
2110 Western Ave., Seattle, WA 98121 This information 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 www.EwingandClark.com 6 to independently confirm its accuracy and completeness.