Unique investment/redevelopment opportunity in prime University District location revitalized by new light rail 2 blocks away. Striking 12000 SF mid-century mixed-use building on âthe Aveâ by architect Samuel Morrison comprises 18 vintage open 1BR apartments and 3500 SF boutique retail space, once home of Academy of Classical Ballet, run by Irene Larson of NY City Ballet, and of Jun Fan Gung Fu Institute, martial arts school of fighter, teacher and philosopher Bruce Lee. Recapitalize and renovate the property for cash flow in thriving sub-market with focused, high demand renter base or develop in accordance with N3P-65 (M1) zoning. Steps from new mixed-use Safeway valued at $90M & adjacent 24-story M Tower, both by LA-based Fields Holdings.
Property Description
Listing courtesy of
Windermere Real Estate Co.
Features
: 1
: Territorial
: Flat, Torch Down
: 1
: Unfurnished
: Curbs, Paved, Sidewalk, Alley
: Stone, Metal/vinyl, Cement/concrete, Brick
: Cable Tv, Gas Available, Fenced-partially, Patio, Sprinkler System
: Central A/c, 90%+ High Efficiency
: Cable Connected, Natural Gas Available, Electricity Available, Sewer Connected
: Electric
: Closing, See Remarks
: Fair
: Retail, Multi-family, See Remarks
: Cash Out, Conventional
: Electric
: Sewer Connected
Address Map
US
WA
King
Seattle
98105
University
4750
University Heights Add
0
W123° 41' 14.1''
N47° 39' 52.4''
Way
4
From NE 50th Street, turn left onto University Wy NE -if you reach NE 47th St you have gone too far.
Schools
Seattle
Green Lake
Lincoln High
Hamilton Mid
Taxes
2021
$42,301
Additional Information
Edward Krigsman
$0
$0
Monthly
1167839
NWM7181
11/01/2022 23:08:10
: Public
: Seattle Combined Utilities
1
40 x 103
710 - North Seattle
0
Active
NWM4655
0 Bedrooms
0 Bathrooms
12,182 Sqft
Visits : 96 in 1694 days
$6,280,000
Listing ID #NWM1872358
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : NWM1872358
Price : $6,280,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 12,182 Sqft
Year Built : 1958
Lot Area : 0.09 Sqft
Structure Type : Multi Family
Status : Active
Total Bathrooms : 0
Community : University District
Property Sub Type : Multi-family
