7350 Martin Luther King Jr Way S, Seattle, WA 98118

$1,770,000
2
BD
1
BA

Listing courtesy of John L. Scott, Inc.. Selling Office: ZNonMember-Office-MLS.

Sold Price
$1,770,000
List Price
$2,275,000
Status
SOLD
MLS#
1681711
Closing Date
Jul 01, 2021
Days on Market
137
Bedrooms
2
Area Total SqFt
1470
Annual Tax Ammount
5604
Lot Size (sq ft)
7,192
Fireplace
Yes
Sewer
Sewer Connected

Property Description

Prime Development Site in Othello. Walkable to Othello Light Rail Station. Upzoned to NC3P-95 allowing up to 95 feet 9-story with no parking requirement. Permit is started and MUP issued for a 7-story + basement mixed use building. 55 SEDU, 24 APT units totaling 79 residential units plus 2 commercial. An estimated 43,315 GSF. Great flexibility to start the project promptly or hold with current rental agreement.

Additional Information

Community
Rainier Valley
Style
16 - 1 Story w/Bsmnt.
Basement
Finished
Year Built
1926
Total Covered Parking
1
View
City, Territorial
Roof
Composition
Tax Year
2020
School District
Seattle
Potential Terms
Conventional, FHA, USDA Loan, VA Loan
Interior Features
Forced Air, Ceramic Tile, Hardwood, Wall to Wall Carpet, Second Kitchen
Flooring
Ceramic Tile, Hardwood, Carpet
Driving Directions
Take exit 161 from I-5 S. Take Swift Ave S and S Myrtle St to Martin Luther King Jr Way S. Turn right onto MLK Jr Way S. Turn left onto S Webster St.
Appliance
Dryer, Range/Oven, Refrigerator, Washer
Appliances Included
Dryer, Range/Oven, Refrigerator, Washer
Energy Source
Electric, Oil
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