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. SEATTLEVIEWS 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

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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.