Property Details

804 James St

Seattle, WA 98104

$9,800,000

Available

CBA# 708178 courtesy of CBA Listing firm: Paragon Real Estate Advisors

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Commercial

Property Type

32,625

Bldg Sq Ft

Units

5.00%

Cap Rate

1948

Year Built

Property Overview

We are pleased to present Bay Ridge Court, a rare high-rise zoned multifamily asset located on a prominent corner lot in Seattle’s First Hill neighborhood. Situated on an expansive 28,800-square-foot parcel with HR (M) zoning, the property offers investors a compelling combination of in-place cash flow today and significant redevelopment potential for a future 200+ unit high-density residential project. Few opportunities in the urban core provide this level of scale, zoning flexibility, and transit-oriented positioning with such close proximity to Downtown Seattle.Bay Ridge Court currently operates as a stabilized 51-unit multifamily property (52 units per King County records, including a manager’s office) comprised of three, reinforced concrete buildings. The unit mix is well diversified