under contract

Listings/Greenwood Development

Greenwood Development

Contact Listing Agent

Under Contract

This listing is currently under contract. Please visit our Listings page to view apartment buildings and development land currently available for purchase.

Overview

425 N 85th Street Development Site is superbly located in the heart of Greenwood. For future residents seeking great and walkable amenities, easy access to Seattle’s top employers, and a true urban neighborhood feel, 425 N 85th Street Development is the clear choice.

Whether 425 N 85th Street breaks ground as market-rate or efficiency units, this ideal investment opportunity will benefit from skyrocketing rents and the increased reinvestment and redevelopment in Greenwood.

Property Overview

Pricing
$3,500,000
Address
425 N 85th Street, Seattle, WA
Parcel
643050-0342
Total Site Area
12,240 SF
Zoning
NC2-55(M)
Offering
Development Site

Sample Massing

Building Programming
5 residential stories + ground-floor retail + below grade parking
Residential Units
64
Average Unit Size
543 SF
Residential NRSF
34,724 SF
Commercial NRSF
1,838 SF
Gross SF
56,495 SF
Parking
25 stalls (18,741 GSF)

Opportunity

Excellent Location: 425 N 85th Street’s central Greenwood location is within an easy 5 minute walk of some of the City’s best restaurants and bars, arts & culture attractions, and practical amenities such as major grocers and services

Rising Rental Market: On the fringe of Seattle’s most sought-after neighborhoods, 425 N 85th Street will benefit from continued rent growth pushing from Green Lake, Fremont/ Wallingford, and Ballard

Revitalization: Greenwood is poised for exponential growth as developers flee from over-built and hyper-expensive neighborhoods, capitalizing on the recent upzone and historic neighborhood character

Excellent Location

Rising Rental Market

Revitalization

Location

Open Google Maps

Greenwood Development

425 N 85th St
Seattle, WA 98103
Units: 64 (Proposed)
Price: $3,500,000

About the Area

On the outskirts of what were once exclusively considered prime Seattle neighborhoods, North Seattle saw a rapid ascension as a prime investment market after 2012. Greenwood, a refreshingly eclectic and laidback neighborhood within North Seattle, remains a perfect example of that growth.

In addition to private multifamily development, the City has identified Greenwood as a prime area for growth and investment. The Greenwood Town Center, located along 85th Street – the neighborhoods primary East-West corridor – has recently been rezoned to development friendly zones and increase height limits. The re-zone will encourage future development and investment in the neighborhood, providing residents with additional amenities and making the area more pedestrian friendly.

Conveniently, 425 N 85th Development Site is located at the center of this activity. As the area’s commercial attractions and community amenities continue to grow, future residents will have endless opportunities to shop, play, eat, and thrive.

Amidst the neighborhood’s exciting growth, Greenwood’s authentic Seattle spirit shines through. As the local chamber of commerce proudly proclaims, the neighborhood is “Just a little off center.” Within a block from 425 N 85th Development Site are local shops, cafes, and restaurants line Greenwood Avenue, and nearby parks such as Greenwood Park and Sandel Park provide sunny green space for community gardens and playgrounds.

5 Minute Walk

to Fred Meyer

8 Minute Drive

to future Northgate and Roosevelt light rail stations

30 Minute Bus Ride

to Downtown

7 Minute Bike Ride

to Green Lake

Contact Us

Exclusive Listing Brokers

Kidder Mathews is the exclusive Listing Brokerage for this Offering. Dylan Simon, Jerrid Anderson, Matt Laird, Jason Rosauer, and Rob Anderson, are exclusively representing the Seller in the sale of 425 N 85th.

Direct: 206.414.8575

       
       

Direct: 425.736.5516