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Magnolia Townhouse Site Northgate MAGNOLIA TOWNHOUSE SITE NORTHGATE GREENWOOD BALLARD GREEN LAKE MAGNOLIA TOWNHOUSE SITE FREMONT UNIVERSITY WALLINGFORD DISTRICT MAGNOLIA INTERBAY QUEEN ANNE CAPITOL HILL SEATTLE CBD CENTRAL DISTRICT WEST SEATTLE OFFERING Paragon Real Estate Advisors is pleased to exclusively offer for sale the Magnolia Townhouse Site. This unique property has an Active MUP and permit for an eight unit apartment building. This permit can be revised to build 5 spacious townhomes between 1,625 to 2,081 square foot townhomes. Positioned perfectly for the area’s explosive growth, the site has public transit support providing future homeowners with quick access to Downtown Seattle and other employment hubs. The Magnolia neighborhood is one of the hottest single-family markets in the City of Seattle with a median home price at $1,100,000 and new construction homes going for $600-$700 per foot. NAME Magnolia Townhouse Site ADDRESS 2471 Thorndyke Ave W Seattle, WA 98199 PARCEL NUMBER 277160-0750 LOT SIZE 8,385 Square Feet ZONING LR3 PRICE $1,175,000 PRICE PER FOOT $140 PROPOSED DEVELOPMENT 5 Townhomes PERMIT STATUS Active MUP and Permit Falls under previous Land Use Code No MHA Fees, SDOT work complete 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. LOCATION HIGHLIGHTS 4 miles from Downtown Seattle Minutes from Magnolia Village, Ballard, Queen Anne, Fremont, Seattle Pacific University 5 Minutes from Expedia’s new HQ Campus; 10-minute bike ride Walking distance to Discovery Park, Ballard Locks, fisherman’s terminal and seconds from Elliot Bay Trail (4-mile protected running/bike trail that follows the water to downtown) Magnolia is one of Seattle’s most expensive single- family markets Great opportunity to build 5 high-end townhomes with views towards Downtown Seattle/Elliot Bay Waterfront/Ballard Locks MAGNOLIA Magnolia is a large, affluent neighborhood in central Seattle. This neighborhood is a peninsula, surrounded by Elliot Bay to the west, Salmon Bay to the east, and Puget Sound to the north, and the water makes its presence known. While this is a mostly residential area, there is a commercial district known as “The Village” that has MAGNOLIA boutique shops, bakeries, and cozy restaurants. SEATTLE VIEWS Magnolia is home to Seattle’s largest park EASTQUEEN ANNE Discovery Park, an impressive 534 acre playground, features a 2.8 mile loop around the perimeter. WEST POINT Highlights also include the West Point Lighthouse LIGHTHOUSE and two miles of protected beaches. On the other hand, Magnolia Park, located on the Magnolia Bluff, offers a more groomed experience, with ELLIOTT BAY picnic tables, tennis courts, and stunning views of MARINA the Seattle skyline. DISCOVERY PARK POPULATION AVERAGE HOUSEHOLD RENTER-OCCUPIED AVERAGE RENT INCOME HOUSING 21,954 $151,755 37% $1,863 SEATTLE EMPLOYER MAP SEATTLE’S BOOMING TECH MARKET SEATTLE LOCAL TECH COMPANIES IN SEATTLE PACIFIC OCEAN T E C H M I G R A T I O N F R O M S A N F R AN C IS CO B AY AR EA SAN FRANCISCO KING COUNTY INFORMATION KING COUNTY 2.3 million SINCE2O1O, ON AVERAGE, KING COUNTY HAS ADDED 31,8OO PEOPLE PERYEAR, OR POPULATIONGROWTH HAS BEEN GREATER THAN 13,OOOHOUSEHOLDS AT 2.45 PERSONS PER HOUSINGPRODUCTION CONSISTENTLY SINCE 2O11. HOUSEHOLD. POPULATION KINGCOUNTY MEDIAN NATIONALMEDIAN $95,009 $63,179 HOUSEHOLDINCOME HOUSEHOLDINCOME KING COUNTY by 78% NATIONALINCREASE by 3% INCREASESINCE 2OOO ($41,852) SINCE 2OOO ($1,780) HOUSEHOLD INCOME KING COUNTY NATIONAL BACHELOR’S OR 53.2% BACHELOR’S OR 32.6% HIGHERDEGREE RATE HIGHERDEGREE RATE KINGCOUNTY NUMBER EDUCATION OF UNIVERSITIES 10 KINGCOUNTY RENTAL NATIONAL RENTAL 36% HOUSING RATE 43% HOUSING RATE KINGCOUNTY MEDIAN $1,494 NATIONALMEDIAN $1,023 MONTHLY RENT MONTHLY RENT REAL ESTATE SITE PHOTOS RENDERINGS B LOOKING NORTH ON THORNDYKE LOOKING SOUTHWEST LOOKING WEST SITE PLANS PARKING FIRST FLOOR SITE PLANS SECOND FLOOR THIRD FLOOR ROOFTOP DECK POTENTIAL VIEWS SEATTLE CENTRAL BUSINESS DISTRICT 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..
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