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Bay Ridge Court

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Bay Ridge Court

804 James St, Seattle, WA 98104
Multi-Family For Sale Pending Cap Rate 5% Built 1948 4 floors Zoning: HR (M)
Asking Price
$9,800,000
Total Building32,625 SF
Land28,800 SF land
Parking Total16
& Uncov.
MarketCapitol Hill/First Hill
CountyKing

Read Overview
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Overview

Property ID
306094
Listing ID
708178
Type
Multi-Family
Asset Class
Multi-Family
Zoning
HR (M)

Description

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

Listing Courtesy of:

BP
Brian Platt
Paragon Real Estate Advisors
600 University St., Ste. 2018,
Seattle, WA 98101-1176
State: WA City: Seattle ZIP: 98104 Type: For Sale

Commercial Listings
Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.