Seattle, WA 98118,7324 Martin Luther King Jr WAY S
Seattle, WA 98118,7324 Martin Luther King Jr WAY S
Seattle, WA 98118,7324 Martin Luther King Jr WAY S
4
Listed by Real Property Associates
Bought with ZNonMember-Office-MLS
$2,675,000
$2,500,000
7.0%
Est.Price: ?

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0.34 Acres Lot

7324 Martin Luther King Jr WAY S Seattle, WA 98118

Est. payment /mo
SOLD DATE : 08/13/2020

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Key Details

Sold Price $2,675,000

Property Type Vacant Land

Sub Type Land

Listing Status Sold

Purchase Type For Sale

Subdivision Rainier Valley

MLS Listing ID 1563228

Sold Date 08/13/20

Style 43 - Comm/Industrial

Annual Tax Amount $11,812

Lot Size 0.336 Acres

Property Description

The MLK Apartment Site is a 14,600 SF level lot that is prime for redevelopment. NC3P-95 (M) zoning allows for a 90k SF, 9 story mixed use bldg. This neighborhood has seen substantial growth since the Othello Light Rail station in ‘09 & this apt site offers the opportunity to add an addt’l 120+ units to the area. Rendering images courtesy of Caron Architects who did the initial feas study on the property & have designed addt’l buildings in the area. Architect is avail for questions on the site.

Location

State WA

County King

Area 380 - Southeast Seattle

Interior

Fireplace false

Exterior

Utilities Available Natural Gas Available, Electricity Available

Waterfront No

View Y/N No

Garage No

Building

Sewer In Street

Water Unknown - Verify

Schools

School District Seattle

Others

Senior Community No

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

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Northwest MLS (NWMLS)

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