Overview

Highlights

• The area demonstrates robust rental demand, with 70.38% of households within a 1-mile radius being renter-occupied.
• Approximately 30% of the rental supply within a 1-mile radius has been built since 2010, highlighting a strong opportunity for additional modern housing development to meet growing demand.
• Well-positioned with convenient access to major highways, including I-90 and I-5, and just minutes from downtown Seattle.
• Located within a federally designated Opportunity Zone, the property offers significant tax incentives for investors, including potential deferral or elimination of capital gains taxes.
• Zoned NC3-55 (M), the site is well-suited for multifamily or townhome development projects, catering to diverse housing needs.

Description

917 Hiawatha Pl Si s an 8,000 SF land development opportunity in the heart of Seattle’s Judkins Park neighborhood. The site offers exceptional potential for townhomes or small efficiency dwelling units (SEDUs), given its location and zoning flexibility. Located adjacent to Rainier Ave S, a prominent arterial, the property is next to Nitze-Stagen’s 317-unit 900 Rainier project, which will be completed in Q1 2025. Judkins Park is a dynamic and evolving neighborhood benefiting from significant public and private investments, making 917 Hiawatha Pl S an excellent opportunity for development in one of Seattle’s most up and coming markets

Location

917 Hiawatha Pl S is located in Seattle's Central District, offering convenient access to public transit and nearby amenities. The site is well-suited for multifamily or mixed-use development, with strong demand in the area.

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