Fantastic opportunity to purchase established purchase and sale contract for 111-unit mixed-use, transit development located in the South East Seattle Reinvestment Area.
Favorable Soil report and massing study completed.
Project is surrounded by other successful NC2-40 (neighborhood commercial 40ft height) development. New development in any of the Seattle Frequent Transit Overlays lease up fast and sell quick!
PROPOSED NEW TOWN CENTER
Only Seattle transit zoned properties achieve mid-rise building height status, 12-year tax exemption, parking exemption, SEDU (Small Efficiency Dwelling Unit) production and attractive street-retail commercial components. Seattle planning rumors permissible variance for 125ft high building instead of existing 85ft zoning.
SEATTLE is a 24 hour City with exciting opportunities in Transit Oriented Development (TOD). Investment returns on TOD properties is above market compared to similar non-transit properties for obvious reasons. Low vacancies, flexible zoning, no parking requirements, increased rent rolls from small foot print dwelling designs, low cap rates and high appreciation are just a few.
Contact Vic at 206-245-0159 firstname.lastname@example.org for more information on this exclusive opportunity.