Listing courtesy of Windermere Mercer Island 206-232-0446
$950,000
Madison Valley redevelopment opportunity offering multiple paths for value creation in a prime location surrounded by continued growth, investment, and strong neighborhood demand.For buyers not pursuing immediate ground-up development, the existing structure presents compelling potential. A thoughtful renovation and reconfiguration may create two separate residential units, offering an owner/user setup,… Read More income opportunity, or long-term hold while preserving future redevelopment options.For larger-scale redevelopment, the property is zoned NC2-75 (M1), allowing exciting mixed-use possibilities with heights up to 75 feet. Ideal for developers, assemblage buyers, investors, or those seeking long-term upside.Situated on an approx. 4,030 SF lot, the site may support a variety of concepts, including residential above ground-floor commercial or amenity space, subject to buyer verification, design review, and permitting. Preliminary planning suggests approximately 20,000–28,000 SF of gross buildable area and roughly 25–40 residential units, depending on design, unit mix, parking strategy, and commercial use.An exceptional opportunity in one of Seattle’s most sought-after neighborhoods with convenient access to retail, dining, transit, employment centers, and continued area growth. Buyer to verify zoning, unit count, rental potential, and redevelopment feasibility to their satisfaction. Read Less
Listing Snapshot
Cumulative Days On Market
6
Days on Website
6
Last Updated
Property Type
Single Family Residence
Beds
3
Full Baths
2
Square Ft.
1,890
Lot Size
0.09 Acres
Year Built
1906
Property Tax
$12,394
MLS Number
2539377
30 Days Snapshot Of 98122
$946k
-2%
(avg) sold price
31
-6%
homes sold
66
+15%
(avg) days on market
Snapshot
Area Map
Source: Home Junction
Additional Details
Property Access
Bus Line Nearby: true
Basement
Basement: "Unfinished"
Building
Building Area Total: 2380, Building Area Units: Square Feet, Building Information: Built On Lot, Building Name: Rentons Addition, Calculated Square Footage: 2380, Direction Faces: North, Elevation Units: Feet, Entry Location: Main, Levels: "Two", Living Area: 1890, Structure Type: "House", Year Built: 1906
The "three tree" icon indicates listings provided by Northwest Multiple Listing Service. The listings presented here may or may not be listed by John Anderson. 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. Listings last updated on .
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