Mt. Baker Development Site — Sale in Seattle, WA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Commercial Land
  • Location: Seattle, WA 98144

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Description

Marcus & Millichap is pleased to present the Mt. Baker Development Site, a premier urban infill development opportunity located at 1900 23rd Avenue in Seattle, Washington. Positioned on a prominent corner parcel, the site consists of approximately 4,800 square feet and benefits from NC3-75 (M) zoning, allowing for a wide range of mixed-use and residential development opportunities. Current ownership has completed plans and permits for a 40-unit apartment building with ground-floor retail, significantly reducing development timelines and creating an immediate path to construction for a future owner. In addition to the approved apartment concept, the property's zoning and location may support alternative development strategies, including townhomes or revised multifamily layouts with larger unit configurations, subject to buyer verification and municipal approvals. The site is strategically located within Seattle’s highly desirable Mt. Baker neighborhood. The area continues to attract substantial residential and mixed-use investment due to its proximity to major employment centers and transportation infrastructure. Residents benefit from convenient access to both the Mt. Baker and Beacon Hill Light Rail Stations, providing direct connectivity to Downtown Seattle, Bellevue, Sea-Tac Airport, and the broader Puget Sound region. Located within one of Seattle’s most transit-oriented and rapidly evolving neighborhoods, the property offers developers the opportunity to capitalize on strong residential demand, favorable zoning, and completed entitlement work in a high-barrier-to-entry market. Investment Highlights: • Corner Development Site Measuring 4,800 SF in Seattle, Washington • Favorable NC3-75 (M) Zoning Allowing Mixed-Use Development • Plans and Permits Completed for 40-Unit Apartment Building with Ground-Floor Retail • Alternative Development Potential Including Townhomes or Revised Multifamily Layouts • Located in Seattle's Highly Desirable Mt. Baker Neighborhood •

Market Context

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