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Fremont Development Site FREMONT DEVELOPMENT SITE 4312 & 4316 FREMONT AVE N, SEATTLE, WA 98103 CONTACT INFORMATION: ROBERT W. FRANCIS BROKER 206.505.9424 [email protected] OFFERING SUMMARY WESTLAKE ASSOCIATES, INC. IS PLEASED TO PRESENT THE PROPERTY AT 4312 & 4316 FREMONT AVENUE NORTH FOR SALE. Located in the heart of Fremont, investors have the rare opportunity to develop in one of Seattle's premier neighborhoods. The two contiguous properties are situated on 13,867 square feet of land, zoned NC2P--40, and on Fremont Avenue North. Conveniently located, there is quick access to the Aurora Bridge and Hwy 99 from the site. There are several coffee shops and restaurants neighboring the site and across the street, including Uneeda Burger, Pecado Bueno Fremont, Paseo Caribbean Food, and Caffe Vita Coffee Roasting. The Woodland Park Zoo is just about a mile and a half to the north of the property and the iconic Fremont Troll is just half a mile south. Price: $4,500,000 Price Per Land SF: $324.51 ADDRESS Lot Size: 13,867 SF 4312 & 4316 Fremont Ave N, Seattle, WA 98103 PROPERTY HIGHLIGHTS OFFERED AT $325 A SQUARE FOOT CURRENT ZONING: NC2P-40 PURPOSED MARCH 18TH HALA UPZONE: NC2P-55 LOCATED IN PURPOSED HALA UPZONE URBAN VILLAGE FIRST TIME ON THE MARKET IN 50 YEARS PROPERTY DETAILS ASSESSOR’S INFORMATION SALE PRICE $4,500,000 Assessor’s Parcel I 569400-0865 Lot Size 6,922 SF LOCATION INFORMATION Assessed Land Value 2018 $1,142,100 Property Name Total Assessed Value 2018 $1,142,100 Street Address Fremont Development Site City, State, Zip 4312 & 4316 Fremont Ave N Assessor’s Parcel II 569400-0875 County / Township Seattle, WA 98103 Lot Size 6,945 SF Market King Assessed Land Value 2018 $1,145,900 Submarket Seattle Total Assessed Value 2018 $1,146,900 Cross Streets Fremont PROPERTY DETAILS Property Type Vacant Land Zoning NC2P-40 Total Lot Size 13,867 SF APN# 569400-0865 & 569400-0875 LOCATION MAPS 4312 & 4316 Fremont Ave N 4312 & 4316 Fremont Ave N SITE PHOTOS FREMONT FREMONT ORIGINALLY A SEPARATE CITY residential but working class area sunny days, grab the makings for a and annexed to Seattle in 1891, filled with idiosyncratic individuals. picnic at PCC Natural Market, and Fremont is a neighborhood in Seattle It’s the self-proclaimed “Center enjoy it while watching kayakers named after the city in Nebraska of of the Universe” and features a glide down the Ship Canal. the same name. The neighborhood’s bohemian, offbeat lifestyle. Fremont has historically been a main thoroughfares are Fremont working-class neighborhood but and Aurora Avenues North (north The neighborhood is often industry over time has shifted from and southbound) and North 46th, characterized by its quirky public sawmills and manufacturing to high- 45th, 36th, and 34th Streets (east art: the Troll under the Aurora tech businesses. The neighborhood and westbound). The Aurora Bridge Bridge who clasps a Volkswagen is home to campuses for Adobe carries Aurora Avenue (State Route Bug; a seven-ton statue of Lenin Systems, Impini, Google and 99) over the Ship Canal to the top of that is perpetually for sale; a rocket many small tech companies. But Queen Anne Hill, and the Fremont built into the side of a building; and Fremont’s manufacturing sector Bridge carries Fremont Avenue over dinosaur topiaries that once graced is still in operation, which can be the canal to the hill’s base. the roof of Pacific Science Center. seen from the Burke Gilman Trail. Located on the northern edge of The Fremont Sunday Market is a The combination of manufacturing the Lake Washington Ship Canal, highlight for locals and visitors, with and tech has created a diverse Fremont is a neighborhood with a goodies such as wood oven-baked community with a great mix of old long history as a family-oriented, pizzas, fresh fruits or crepes. On and new architecture. WESTLAKE ASSOCIATES, INC. DEMOGRAPHICS MAP & REPORT POPULATION 0.5 MILES 1 MILE 1.5 MILES Total population 9,527 29,016 58,349 Median age 33.5 35.1 35.7 Median age (Male) 34.9 36.0 36.2 Median age (Female) 32.1 34.2 35.2 HOUSEHOLDS & INCOME 0.5 MILES 1 MILE 1.5 MILES Total households 5,302 14,966 29,120 # of persons per HH 1.8 1.9 2.0 Average HH income $77,684 $85,357 $90,823 Average house value $544,838 $576,835 $600,795 ABOUT WESTLAKE Since 1975 Westlake Associates, Inc. has been the premier provider of commercial real estate brokerage services in the Puget Sound region. Our commitment to assist our clients in creating and preserving their real estate investment wealth has led to the successful closing of billions of dollars in investment property and a long history of repeat business and client referrals. Our firm has over twenty full-time ealr estate professionals with expertise in the multi-family sales market. With a majority of our partners owning and operating their own investment property, we offer clients a unique perspective from both an agent and owner point of view. Our specialization in representing Puget Sound apartment owners results in our clients receiving the most effective eprr esentation in the industry, where maximizing client returns is our highest priority. Through effective teamwork, communication, and an unparalleled knowledge of the Puget Sound apartment market, our agents continue to lead the industry in successful closings and client satisfaction. MEMBER: Commercial Brokers Association (CBA) MEMBER: Northwest Multiple Listing Services (NWMLS) MEMBER: Loop Net National Listing Services MEMBER: Costar Commercial Real Estate Data and National Listing Service MEMBER: Commercial Investment Real Estate Institute (CREI) MEMBER: Washington State Realtors Association (WSMA).
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