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For Sale 40 Days Online
$1,700,000
3,600 Sqft Lot
No Garage
Prime corner lot development opportunity in Seattle's Central District — one of the city's most historically significant and rapidly transforming urban neighborhoods. This 3,600 SF corner parcel is zoned LR2(M), unlocking increased height and density potential beyond standard LR2. The Mandatory Housing Affordability designation allows for up to 40-foot building height and 1.6 FAR — meaning up to approximately 5,760 buildable square feet — in exchange for an affordable housing contribution or on-site inclusion requirement. Corner positioning offers flexible site design, enhanced visibility, and superior development potential compared to mid-block parcels. Rear alley access provides additional utility for parking, services, and building ingress. New multifamily development is evident throughout the immediate surrounding blocks, reflecting the neighborhood's ongoing transformation. Located within walking distance of Swedish Hospital Cherry Hill, Seattle University (0.6 miles), and Garfield High School. Minutes to Capitol Hill, First Hill, and downtown Seattle with convenient I-5 access and robust Metro transit connectivity — all key demand drivers for future tenants. Buyer to verify all zoning, permitting, and development feasibility with the City of Seattle SDCI
Offer Review
Will review offers when submitted
Listing source NWMLS MLS #
2530638
Listed by
Trevor Asay, Asay Realty
Sarah Asay, Asay Realty
Contact our
Central Area
Real Estate Lead
John L. Scott
Phone...
Property History
May 28, 2026
Listed
$1,700,000
NWMLS #2530638
More
Listing Details
  • Status
    For Sale
  • Price
    $1,700,000
  • Original Price
    Same as current
  • List Date
    May 28, 2026
  • Last Status Change
    May 28, 2026
  • Last Update
    June 1, 2026
  • Days on Market
    40 Days
  • Cumulative DOM
    40 Days
  • $/sqft (Total)
    --
  • $/sqft (Finished)
    /sqft
  • Listing Source
  • MLS Number
    2530638
  • Listing Broker
    Trevor Asay
  • Listing Office
    Asay Realty
Monthly Payment Estimate
  • Principal and Interest
    $8,912 / month
  • Property Taxes
    $57 / month
  • Homeowners Insurance
    $324 / month
  • TOTAL
    $9,293 / month

  • based on 20% down
    ($340,000)
  • 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
    Multi-Family
  • Bedrooms
    Bedrooms
  • Bathrooms
    0 Bathrooms
  • Lot
    3,600 sqft Lot
  • Lot Size Source
    Realist
  • Lot #
    Unspecified
  • Project
    Unspecified
  • Total Stories
    Unspecified
  • Sqft Source
    Unspecified
Property Tax Info
  • 2025 Property Taxes
    $678 / year
  • Yes 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
Appliances
Terms
  • 3rd Party Approval Required)
    No
  • Bank Owned (REO)
    No
  • Complex FHA Availability
    Unspecified
  • Potential Terms
    Cash
    Conventional
    Owner Will Carry
    See Remarks
Utilities
  • Sewer
    Available
  • Water Source
    Available
Additional Info
  • Waterfront
    No
  • Air Conditioning (A/C)
    No
  • Buyer Broker's Compensation
    2.5%
  • MLS Area #
    Area 390
  • Number of Photos
    24
  • Last Modification Time
    Monday, June 1, 2026 9:59 AM
  • System Listing ID
    5562199
Update Info
  • First For Sale
    2026-05-28 16:53:25
Listing details based on information submitted to the MLS GRID as of Monday, June 1, 2026 9:59 AM. 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 40 Days Online
$1,700,000  
Offer Review: Anytime
NWMLS #2530638. Trevor Asay, Asay Realty
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.