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CAPITOL HILL - LR3(M) DEVELOPMENT SITE 728 Broadway East, Seattle, Washington 98102 Offering Highlights

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CAPITOL HILL - LR3(M) DEVELOPMENT SITE 728 Broadway East, Seattle, Washington 98102 Offering Highlights 10th Avenue East 728 BROADWAY EAST Broadway East East Roy Street CAPITOL HILL - LR3(M) DEVELOPMENT SITE 728 Broadway East, Seattle, Washington 98102 Offering Highlights The Property Seattle’s 728 Broadway East is a unique opportunity to acquire P an exceptional well-located property in Captiol Hill. Capitol Hill is one of ROPERTY SUMMARY Seattle’s premier neighborhoods known for its many restaurants, stylish 728 boutiques, vibrant night clubs, and wide variety of housing. BROADWAY The property is located within a short walk to Seattle College, Seattle University, Pill EAST Hill’s hospitals and South Lake Union, Seattle’s technology and cancer research hub. There are hundreds of companies within a short walk from the property. The property is zoned LR3(M) allowing highest and best use redevelopment to a multifamily project. The existing home provides a buyer the opportunity to live in Capitol Hill’s preferred North Broadway neighborhood or to lease the property for income while land banking property for future redevelopment. The property is ideal for developers, investors and home owners. Parcel Number 983120-0665 Land Area 5,000 SF (50 feet by 100 feet) Zoning LR3(M) allowing apartments, townhomes, and single family residences Sale Price $2,180,000 Bellevue | Seattle | Tacoma nai-psp.com The information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses, and building area. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. 2020\Seattle\Offering Memorandums\728 Broadway E - WP SB PAGE 2 LOWRISE 3 Apartments - Small Site MAXIMUM DEVELOPMENTRedevelop POTENTIAL 728 Broadway East EXISTING LR3 728 Broadway East’s highest and best use is to redevelopPROPOSED MHA LR3 Floor Area the property to multifamily or residential condominiums.Floor The Area 2.0 2.2 P Ratio (FAR) Max property was recently rezoned from LR3 to LR3(M) allowingRatio (FAR) one Max Height Limit 40’ Height Limit 50’ 5' ROPERTY SUMMARY additional story. Zoning allows a wide variety of residential uses Setbacks Setbacks including5' townhomes, apartments, cottages and single-family Front 5’ min Front 5’ min 50' 16' 6" 16' 6" 10’ w alley residence. Upper 12’ above 40’ Rear 15’ w/o alley 10’ w alley < 40’ bldg: 5’ 40' Rear Sides > 40’ bldg: 7’ 15’ w/o alley 100' 78' 6" 78' 6" avg, 5’ min. The property is in the Capitol100' Hill/First Hill Urban Village Overlay < 40’ bldg: 5’ 1 per unit; No Sides > 40’ bldg: 7’ avg, 5’ 31' 6" zone that34' 6"provides for the following: min. Parking min. in Urban 50' Villages 1 per unit; No min. 50' Parking in Urban Villages 5' LR3(M) development envelope for 5,000 SF site. 630 SF FloorLot Size Area Ratio (FAR)5,000sf Max 2.3 724 SF Lot Size 5,000sf Total Allowed GSF 10,000sf Total Allowed GSF 11,000sf 565 SF 78' 6" 78' - Effi ciency Factor .8 78' 6" - Effi ciency Factor .8 Total NSF 8,000sf 22’ cottages Total NSF 8,800sf Total Units 10 580 SF 512 SF Total Units 14 HeightAverage NetLimit Unit Size 800sf 50’ apartments Average Net Unit Size 650 sf 32' - 0" 23' - 6" Parking Spaces Provided 5 Parking Spaces Provided 5 50’ rowhouses Levels 2-4 Level 5 Example Floorplans EXAMPLE SITE Parking No min. in Urban Villages LOWRISE 3 Lot Size 5,000 SF Total Allowed GSF 11,50 0 SF LR3 design. LR3(M) allows additional story. Bellevue | Seattle | Tacoma nai-psp.com The information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses, and building area. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. 2020\Seattle\Offering Memorandums\728 Broadway E - WP SB PAGE 3 LOWRISE 3 EXISTING LR3 URBAN VILLAGE BOUNDARIES LANDSCAPING AMENITIES AFFORDABLE HOUSING QUANTITIES PERFORMANCE HOUSING High Market Area (7%) .98 = 1 unit Medium Market Area (6%) .84 = 1 unit Low Market Area (5%) .7 = 1 unit PAYMENT HOUSING High Market Area ($20.75/sf) $228k Medium Market Area ($13.25/sf) $146k Low Market Area ($7/sf) $77k *If rounding down to provide aff ordable performance unit, developer must pay for the fraction they are round- ing off as payment housing PRECEDENTS EXISTING ZONING 1427 NW 65th St 1141 N 91st St b9 Architects CB Anderson Architects PLLC LR3 LR3 10,000 SF Lot 6,113 SF Lot 22 units 28 units Sample Development Plan - 5,000 SF Lot Zoned LR3 Hybrid Architecture prepared for following development plan for similar sized lot zoned LR3. 728 Broadway East is zoned LR3 (M) allowing an additional floor with total of six levels including partial lower P level. ROPERTY SUMMARY Bellevue | Seattle | Tacoma nai-psp.com The information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses, and building area. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. 2020\Seattle\Offering Memorandums\728 Broadway E - WP SB PAGE 4 Sample Development Plan - 5,000 SF Lot Zoned LR3 Hybrid Architecture prepared for following development plan for similar sized lot zoned LR3. 728 Broadway East is zoned LR3 (M) allowing an additional floor with total of six levels including partial lower P level. ROPERTY SUMMARY Bellevue | Seattle | Tacoma nai-psp.com The information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses, and building area. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. 2020\Seattle\Offering Memorandums\728 Broadway E - WP SB PAGE 5 Sample Development Plan - 5,000 SF Lot Zoned LR3 Hybrid Architecture prepared for following development plan for similar sized lot zoned LR3. 728 Broadway East is zoned LR3 (M) allowing an additional floor with total of six levels including partial lower P level. ROPERTY SUMMARY Bellevue | Seattle | Tacoma nai-psp.com The information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses, and building area. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. 2020\Seattle\Offering Memorandums\728 Broadway E - WP SB PAGE 6 Sample Development Plan - 5,000 SF Lot Zoned LR3 Hybrid Architecture prepared for following development plan for similar sized lot zoned LR3. 728 Broadway East is zoned LR3 (M) allowing an additional floor with total of six levels including partial lower P level. ROPERTY SUMMARY Bellevue | Seattle | Tacoma nai-psp.com The information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses, and building area. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. 2020\Seattle\Offering Memorandums\728 Broadway E - WP SB PAGE 7 Other LR3 Projects in Neighborhood P ROPERTY SUMMARY 525 Federal Avenue E (29 Units) 750 11th Avenue E - 750 on the Hill (34 Units) 1010 E Republican Street (36 Units) 741 Harvard Avenue E (41 Units) 614 13th Avenue E (20 Units) 740 Harvard Avenue E (38 Units) Bellevue | Seattle | Tacoma nai-psp.com The information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses, and building area. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. 2020\Seattle\Offering Memorandums\728 Broadway E - WP SB PAGE 8 Home at 728 Broadway East P ROPERTY SUMMARY Built in 1906, the elegant craftsman style home has many original features with modern updates including new improvements completed in 1997, 2002 and 2013. The home is approximately 3,160 total SF with 3 bedrooms and 3 bathrooms. From the tree lined street, you are welcomed to the home by a covered porch entry. The main level consists of a living room, dining room, kitchen, family room and three quarter bathroom. The kitchen and family have views over the large fenced backyard with deck and gardens for entertaining and pets. There are 3 off street tandem parking stalls with direct access from family room and kitchen area. The upper level has 3 bedrooms and a full bathroom with soaking tub. The lower level has separate exterior entry door, three quarter bathroom, laundry room, utility/storage room, living room and another room that may be used as a non-conforming bedroom. The location, yard and craftsmanship make 728 Broadway East a special place to be.
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