Property Description

A Developer’s Dream: the Subject site is in the heart of South Park and just a short drive to Georgetown, SODO, & DT Seattle. This level site of 15,182 SF boasts one of the most generous zoning classifications in the entire City of Seattle- C1-55 (M), which allows outright use of all types of residential living up to five (5) stories, including Apartments, Condominiums, Townhomes and/or Live/Work units. Furthermore, no Commercial space is required on the main floor. In terms of Commercial uses, the following uses are also allowed outright: Restaurants/Bars, Lodging Accommodations, Medical Services, General Offices, Indoor Sports/Recreation, Automotive Services, Marine Services including Dry Boat Storage, Religious Facilities, Schools, Child Care, Mini-Warehouses, Towing Services, and much more…With a max height of 5 stories, the Site will have sweeping territorial and water views over the SP Marina & Duwamish River. The Site also has an aggressive FAR of 3.75, which translates into a maximum development size of 56,932 (15,182 SF x 3.75) SF of new construction. Currently, the house on the corner (1445 S. Cloverdale St.) sits on 2 lots totaling 6,182 SF. In addition, the adjacent three (3) lots are 3,000 SF each for another 9,000 SF, which brings the total size to 15,182 SF. Finally, Seller possesses detailed architectural plans for 8 townhomes planned for just the two (2) lots where the rental house sits, generated in 2018 and can be included in the sale.