Prime Ravenna development opportunity with much of the front-end diligence already completed. The preliminary architectural plans envision 7 modern style 1,600+ sqft townhomes, positioned in one of Seattle's most sought-after residential neighborhoods. A substantial amount of due diligence has already been completed, including survey, geotech report, arborist report, wetlands study, and civil engineering proposal. The groundwork has been laid, allowing the next owner to focus on advancing permits and bringing the project to completion. Ravenna has strong buyer demand with its proximity to the University District, Green Lake, light rail, parks, restaurants, and more making this an ideal site for new construction. Opportunities with this level of preparation and upside are rare. Acquire a site with momentum already in place and capitalize on the value created through entitlement and build out.
| MLS # | 2529432 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1942 |
| Days On Site | 96 |
| Listing Provided By | COMPASS | Zachary Lazo |
| Bed(s) | 3 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 910 |
| Garage | 1 |
| Acreage | 0.25 |
| Property | 1654 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98115 |
| Area | 710 North Seattle |
| Community Name | Wedgwood |
| Listing VS Median (in Wedgwood) | |
Price: $875,000 low | high Med: $849,950 sqft: 910 low | high Med: 720 $ / sqft: $962 low | high Med: $1,180 On site: 96 low | high Med: 81 | |
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98115 |
| Area | 710 North Seattle |
| Community Name | Wedgwood |
| Listing VS Median (in Wedgwood) | |
Price: $875,000 low | high Med: $849,950 sqft: 910 low | high Med: 720 $ / sqft: $962 low | high Med: $1,180 On site: 96 low | high Med: 81 | |