Listing courtesy of Keller Williams Rlty Bellevue 425-454-0911
$1,500,000
Freestanding commercial building on S. Jackson Street in Seattle’s Central District — one of the most actively developing corridors in the Pacific Northwest. 2,480 SF Class C storefront on 3,484 SF NC2-40 parcel with 45-ft street frontage. Built 1912. Current FAR 0.71 — over 75% of permitted FAR untapped. Permitted… Read More FAR increases to 3.0+ under pending Centers & Corridors upzone legislation (One Seattle Plan, council vote anticipated July 2026), with anticipated rezoning from NC2-40 to NC2-55 or NC2-65. At post-upzone FAR, the 3,484 SF lot supports approximately 10,452 SF of buildable floor area — roughly 4x the existing building. Active restaurant occupies the building, providing income to offset carry during the 18–36 month permit and entitlement window. No new ground-up construction on this block since 2018 — a supply gap on a corridor that has seen $97.7M in permitted construction since 2020. 2,701 net new residential units added in the 98144 zip since 2020 across 77 projects. 575 units currently under active construction in 98144. One block from a 532-unit institutional mixed-use project delivered 2025. Frequent-transit corridor — parking minimums eliminated under current code. Assessed land value $630,000 (2025 King County). Motivated seller exiting to pursue other business interests — priced at current NC2-40 land value. Upzone optionality included at no premium. Real estate offered separately from going-concern business. Buyer to verify all zoning. View by Appt only. Read Less
Listing courtesy of Keller Williams Rlty Bellevue 425-454-0911
Listing Snapshot | Source HomeJunction
Cumulative Days On Market
1
Days on Website
1
Last Updated
Property Type
Retail
Lot Size
0.08 Acres
Year Built
1912
Property Tax
$7,699
MLS Number
2533213
30 Days Snapshot Of 98144
$971k
-5%
(avg) sold price
34
0%
homes sold
51
-7%
(avg) days on market
Snapshot
Area Map
Additional Details | Source HomeJunction
Building
Building Area Total: 0, Building Area Units: Square Feet, Calculated Square Footage: 0, Elevation Units: Feet, Living Area: 0, Structure Type: "Retail", Year Built: 1912, Year Built Effective: 1990
The "three tree" icon indicates listings provided by Northwest Multiple Listing Service.
The listings presented here may or may not be listed by Wesley Lau. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. The information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of . 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.
The "three tree" icon indicates listings provided by Northwest Multiple Listing Service. The listings presented here may or may not be listed by Iolanthe Chan-McCarthy. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. The information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing. Listings last updated on .
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