512 5th Avenue W, Seattle, WA 98119

Active

512 5th Avenue W, Seattle, WA 98119


Courtesy of: Daniel Lim | Lee & Associates Commercial RE
$5,995,000 Seattle, WA 98119
  • 0.28 Acres
  • King County

Key Features

  • MLS ID: 2289839
  • Year Build: 1957
  • Status: Active
  • Property Type: Residential Income
  • Area: 700 - Queen Anne/Magnolia
  • Exterior: ["Brick"]
  • Address: 512 5th Avenue W, Seattle, WA 98119
  • City: Seattle
  • State: WA
  • Zip: 98119
  • County: King
  • Virtual Tour Link: View Tour #1

Description

The Standard, 20-units located in the Uptown Queen Anne. Attractively situated near the Seattle Center & the waterfront. The unit mix consist of 16 1-bed, two 2-bed units & two 3-bed units. Opportunities for lift with the addition of in-unit w/d & converting the laundry rooms into units also a 12,020sf MR (M) zoned lot, initial studies suggest 75+ unit development potential (buyer to verify). The acquisition of the Standard not only secures a prime piece of Seattle real estate but also offers potential for future development & appreciation. With its strategic location, rental upside & multiple exit strategies, the Standard is an exceptional opportunity for investors seeking a blend of immediate rental income & long-term opportunities.

Property Map

Heading west on Mercer turn right on 5th Ave W building is on the left.

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