BEACON HILL TOWNHOUSE SITE
SANDERS RD S
15TH AVE S
S ATLANTIC ST S ATLANTIC ST UNIVERSITY OF WASHINGTON FREMONT
QUEEN ANNE
SOUTH LAKE UNION CAPITOL HILL
SEATTLE CBD
ELLIOTT BAY
BEACON HILL TOWNHOUSE SITE
BEACON HILL
SODO LIGHT RAIL STATION
BEACON HILL LIGHT RAIL STATION
INDUSTRIAL DISTRICT
MT. BAKER LIGHT RAIL STATION
SOUTH SEATTLE OFFERING
Paragon Real Estate Advisors has been retained by the owner of the triplex at 1500 S Atlantic St, located on a large 6,105 square feet lot in the desirable northern portion of Beacon Hill, to obtain a buyer for east approximate one-half of the property. The property is zoned for low-rise development and has the potential to be developed into two or three townhouses, which would be accessed directly off Sanders Rd S. With townhouses in the area BEACON HILL selling in the $700k to $800k range, this presents an excellent opportunity TOWNHOUSE SITE for a buyer to add value. The property needs to be subdivided but the owner will allow time for this to happen.
NAME Beacon Hill Townhouse Site
ADDRESS 1500 S Atlantic St, Seattle, WA 98144
LOT SQUARE FEET 3,000 Square Feet
ZONING LR2
PRICE $450,000
PRICE PER LOT FOOT $150 55 TERMS Cash Out, Developer Terms
58 59
60
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify all information and bears all risk for inaccuracies. INVESTMENT HIGHLIGHTS
Good North Beacon Hill location
Less than 1.5 miles to Seattle CBD
1 block from bus line
Less than 0.5 mile to future East Link light rail
Low-rise (LR2) zoning
Potential to build 2-3 townhouses
Access from Sanders Rd S
Located in Certified Economic Opportunity Zone
BEACON HILL
TOWNHOUSE SITE BEACON HILL
Beacon Hill offers views of downtown, the Industrial District, Elliott Bay, First Hill, Rainier Valley, Mount Rainier, and the Olympic Mountains. The subject property is located in the North Beacon Hill neighborhood only blocks from the new Sound Transit Light Rail. The neighborhood is a hidden gem with easy access to downtown, Capitol Hill, Columbia City, and Seward Park. Also located near the subject property are Jefferson Park and its accompanying golf course, one of Seattle’s largest parks offering extraordinary views of downtown. Pacific Tower, the former home of Amazon, is now home to Pacific Medical, a FareStart café, a number of nonprofit organizations, the Community Health and Innovation Center, and Seattle Central College’s medical training programs. Other draws include the 7-acre Beacon Food Forest, the nation’s largest neighborhood urban community farming project; and the music, dance and poetry events sponsored by Beacon Arts.
“The diversity, the access to downtown and even Bellevue via I-90, and a light rail link to the airport, stadiums, Columbia City, downtown, and eventually Capitol Hill are major selling points of this location. The northern end of Beacon Hill is especially appealing these days, thanks to the likes of Bar del Corso, a wood-fired pizza spot that has fans across the city, and reliable neighborhood watering holes like the Oak and Tippe and Drague.” --Seattle MET Magazine. TRANSPORTATION
Beacon Hill station is part of Sound Transit’s Central Link line, which runs from Seattle–Tacoma International Airport through the Rainier Valley and Downtown Seattle to the University of Washington. It is the eighth northbound station from Angle Lake station and ninth southbound station from University of Washington station, and is situated between Mount Baker and SODO stations. Central Link trains serve Beacon Hill twenty hours a day on weekdays and Saturdays, from 5:00 Beacon Hill station is also served by am to 1:00 am, and eighteen hours on three bus routes operated by King County Sundays, from 6:00 am to 12:00 am; Metro that use bus stops adjacent to the during regular weekday service, trains station: Route 36, an electric trolleybus operate roughly every six to ten minutes route, runs along Beacon Avenue from during rush hour and midday operation, Othello station to the International with longer headways of fifteen minutes District and Downtown; Route 60 runs in the early morning and twenty minutes between West Seattle, Georgetown, at night. During weekends, Central Link Beacon Hill, First Hill and Capitol Hill; trains arrive at the station every ten and Route 107, which terminates at minutes during midday hours and every the station and travels southeasterly fifteen minutes during mornings and to Georgetown, Rainier Beach station, evenings. The station is approximately Skyway and Renton. 24 minutes from SeaTac/Airport station and fifteen minutes from Westlake station in Downtown Seattle. WHY CHOOSE SEATTLE - KING COUNTY?
A HIGHLY-SKILLED WORKFORCE
The region’s highly skilled and educated workforce provides a deep talent pool, with 47 percent of adults holding a bachelor’s degree or higher. Top-tier talent is one of the key reasons out-of-state companies, such as Google, Facebook, Apple, Dropbox, Twitter, Alibaba, and SpaceX, are attracted to opening strategic locations in Seattle-King County.
ESTABLISHED INDUSTRY CLUSTERS
The success of the clusters has contributed to innovation for emerging industry segments such as biomedical devices, interactive media, e-commerce, clean energy, and space exploration. Small and medium-sized businesses provide a vital contribution to the cluster ecosystem, and in turn benefit from the collaborative climate for which the Seattle-King County region is known
CUTTING-EDGE RESEARCH
Top-ranked research institutions, including the world-renowned University of Washington, contribute to a high-caliber talent pipeline and encourage record levels of research & development spending from the private, non-profit and public sectors. The region has always fostered the next generation of business, from early-stage startups to high-growth companies with long-term success.
*Data Sources: Washington State Employment Security Department, 2015; Washington State Department of Revenue, 2015; Washington Military Alliance; Washington Aerospace Economic Impacts 2016 Update; US International Trade Administration, 2014. MAJOR EMPLOYERS - CENTRAL BUSINESS DISTRICT MAJOR EMPLOYERS - SOUTH LAKE UNION DEVELOPMENT HIGHLIGHTS
ADDRESS: 1500 S Atlantic St, Seattle, WA LOT SIZE: 3,000 Square Feet (Approximate) ZONING: LR2 FLOOR AREA RATIO: 1.4 HEIGHT LIMIT: 40 Ft DENSITY LIMIT: No Limit SETBACKS: Front - 5 Ft. min, 7 Ft. avg
Rear - 10 Ft. min
Sides - 5 Ft. min, 7 Ft. avg PARKING REQUIREMENT: 50% MHA TAX: $13.25/Sq.Ft.
BEACON HILL TOWNHOUSE SITE LAND COMPARABLES
Beacon Hill Townhouse Site 1500 S Atlantic St Seattle, WA 98144
Lot Size 3,000 Zoning LR2 Sales Price $450,000 Price/Lot Foot $150 Sales Date TBD
1 Lot Size 6,000 2 Lot Size 6,000 Zoning LR3 Zoning LR1 BEACON HILL TOWNHOUSE Sales Price $1,236,750 Sales Price $1,525,000 Price/Lot Foot $206 Price/Lot Foot $254 Sales Date 05.06.2019 Sales Date 09.04.18 1 3 1512 12th Ave S 1922 15th Ave S Seattle, WA 98144 Seattle, WA 98144
2 3 Lot Size 3,000 4 Lot Size 6,000 Zoning LR2 Zoning LR2 4 Sales Price $450,000 Sales Price $1,245,000 Price/Lot Foot $150 Price/Lot Foot $208 Sales Date 06.27.2018 Sales Date Pending
1529 Sturgus Ave S 2102 14th Ave S Seattle, WA 98144 Seattle, WA 98144 600 University St, Suite 2018 Seattle Washington 98101
206 623-8880 / [email protected] www.ParagonREA.com
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify all information and bears all risk for inaccuracies.