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For Sale 37 Days Online
$2,750,000
1.01 Acres Lot
No Garage
This exceptional Meadowbrook Development Site comprises three parcels on the east side of Lake City Way NE, totaling approximately 43,957 square feet, zoned NC3-55 (M). NC3-55 (M) zoning delivers outstanding development flexibility with a 55-foot height limit (enabling efficient 5-story mixed-use structures) and 3.75 base FAR (~164,839 sq ft allowable) (Buyer to Verify), positioning the site for significant value creation through townhomes, rowhouses, apartments, ground-floor retail/commercial, or storage facility, construction yard, and many other uses. This highly visible, high-traffic corner location commands strong exposure along a major arterial, while also immediately adjacent to Meadowbrook Playfield and Community Center—prime recreational amenities that drive residential demand . Preliminary analysis supports ~40 townhomes with covered parking or 200+ multifamily units in a mixed-use format. Sweeping eastern views over the playfield, Lake Washington, and the Cascade Mountains provide a rare competitive edge, enhancing marketability and resident appeal in one of North Seattle’s most desirable neighborhoods. Proximity to operational Northgate light rail, I-5, and everyday conveniences further solidify long-term investment potential and absorption strength
Offer Review
Will review offers when submitted
Listing source NWMLS MLS #
2508862
Listed by
David W Petersen, Westlake Associates, Inc.
Chad Michael Martini, Westlake Associates, Inc.
Contact our
Meadowbrook
Real Estate Lead
John L. Scott
Phone...
Property History
Apr 16, 2026
Listed
$2,750,000
NWMLS #2508862
Mar 09, 2026
Listed
$2,750,000
NWMLS #2490137
More
Listing Details
  • Status
    For Sale
  • Price
    $2,750,000
  • Original Price
    Same as current
  • List Date
    April 16, 2026
  • Last Status Change
    April 16, 2026
  • Last Update
    April 16, 2026
  • Days on Market
    37 Days
  • Cumulative DOM
    66 Days
  • $/sqft (Total)
    --
  • $/sqft (Finished)
    /sqft
  • Listing Source
  • MLS Number
    2508862
  • Listing Broker
    David W Petersen
  • Listing Office
    Westlake Associates, Inc.
Monthly Payment Estimate
  • Principal and Interest
    $14,416 / month
  • Property Taxes
    / month
  • Homeowners Insurance
    $517 / month
  • TOTAL
    $14,933 / month

  • based on 20% down
    ($550,000)
  • and a
    6.85% Interest Rate
  • About:
    All calculations are estimates only and provided by Mainview LLC. Actual amounts will vary.
Property Details
  • Sqft (Total)
    0 sqft
  • Sqft (Finished)
    0 sqft
  • Sqft (Unfinished)
    None
  • Property Type
    Parcel
  • Sub Type
    Comm/Industrial
  • Bedrooms
    Bedrooms
  • Bathrooms
    0 Bathrooms
  • Lot
    1.01 Acres Lot
  • Lot Size Source
    KCA
  • Lot #
    Unspecified
  • Project
    Unspecified
  • Total Stories
    Unspecified
  • Sqft Source
    Unspecified
Property Tax Info
  • Property Taxes
    Unspecified
  • No Senior Exemption
Public Parcel Data & Maps
Schools
  • School District
    Seattle
  • Elementary
    Unspecified
  • Middle
    Unspecified
  • High School
    Unspecified
HOA
  • HOA Dues
    Unspecified
  • Fees Assessed
    Unspecified
  • HOA Dues Include
    Unspecified
  • HOA Contact
    Unspecified
  • Management Contact
Parking
  • Covered
    Unspecified
  • Has Garage
    No
Construction
  • Home Builder
    Unspecified
Cooling
Heating
Interior
Property
  • Lot Features
    Curbs
    Paved
    Sidewalk
Appliances
Terms
  • 3rd Party Approval Required)
    No
  • Bank Owned (REO)
    No
  • Complex FHA Availability
    Unspecified
  • Potential Terms
    Cash
    Conventional
Utilities
  • Sewer
    In Street
  • Water Source
    In Street
Additional Info
  • Waterfront
    No
  • Air Conditioning (A/C)
    No
  • Buyer Broker's Compensation
    2%
  • MLS Area #
    Area 710
  • Number of Photos
    10
  • Last Modification Time
    Thursday, April 16, 2026 12:53 PM
  • System Listing ID
    5542481
Update Info
  • First For Sale
    2026-04-16 12:13:52
Listing details based on information submitted to the MLS GRID as of Thursday, April 16, 2026 12:53 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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For Sale 37 Days Online
$2,750,000  
Offer Review: Anytime
NWMLS #2508862. David W Petersen, Westlake Associates, Inc.
Map
 
Listing information is provided by the listing agent except as follows: BuilderB indicates that our system has grouped this listing under a home builder name that doesn't match the name provided by the listing broker. DevelopmentD indicates that our system has grouped this listing under a development name that doesn't match the name provided by the listing broker.