Property Details

A Developer's Dream, the Subject site is in the heart of South Park and just a short drive to Georgetown, SODO and downtown Seattle. This corner, 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: 1) Apartments, 2) Condominiums, 3) Townhomes and/or 4) Live/Work Units. Furthermore, with any of the above residential uses, no commercial space is required on the Main Floor. In terms of commercial uses, the following uses are also allowed outright: 1) Restaurants/Bars, 2) Lodging Accommodations, 3) Medical Services, 4) General Offices, 5) Indoor Sports/Recreation, 6) Automotive Services, 7) Marine Services including Dry Boat Storage, 8) Religious Facilities, 9) Schools, 10 Child Care, 11) Mini-Warehouses, 12) Towing Services and much more… With 5 stories of maximum height, the Site will have sweeping territorial and water views over the South Park Marina and 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) square feet of new construction. Currently, the house on the corner (1445 S. Cloverdale St.) sits on 2 lots totaling 6,182 SF and rents for $500/mo. on a month-to-month basis. 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. Seller possesses detailed architectural plans for 8 townhomes (1,783 SF each) planned for just the two (2) lots wherein the rental house now sits that were generated in 2018 and can be included in the sale. Finally, Seller owns the adjacent properties (1429 & 1425 S. Cloverdale St.) totaling another 12,000 SF that can be available for a larger Project comprising 27,182 SF!