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Listed by:Westlake Associates, Inc. • David W Petersen
$ 2,750,000
Est. payment /mo
New
10400 10504 Lake City WAY NE Seattle, WA 98125
1.01 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Meadowbrook
MLS Listing ID 2508862
Style 43 - Comm/Industrial
Lot Size 1.009 Acres
Property Sub-Type Land
Property Description
This exceptional Meadowbrook Development Site comprises three parcels on the east side of Lake City Way NE, totaling approximately 43,957 square feet, zoned NC3-55 (M). NC3-55 (M) zoning delivers outstanding development flexibility with a 55-foot height limit (enabling efficient 5-story mixed-use structures) and 3.75 base FAR (~164,839 sq ft allowable) (Buyer to Verify), positioning the site for significant value creation through townhomes, rowhouses, apartments, ground-floor retail/commercial, or storage facility, construction yard, and many other uses. This highly visible, high-traffic corner location commands strong exposure along a major arterial, while also immediately adjacent to Meadowbrook Playfield and Community Center—prime recreational amenities that drive residential demand . Preliminary analysis supports ~40 townhomes with covered parking or 200+ multifamily units in a mixed-use format. Sweeping eastern views over the playfield, Lake Washington, and the Cascade Mountains provide a rare competitive edge, enhancing marketability and resident appeal in one of North Seattle's most desirable neighborhoods. Proximity to operational Northgate light rail, I-5, and everyday conveniences further solidify long-term investment potential and absorption strength
Location
State WA
County King
Area 710 - North Seattle
Interior
Fireplace false
Exterior
Utilities Available Electricity Available, Natural Gas Available
View Y/N No
Building
Lot Description Curbs, Paved, Sidewalk
Sewer In Street
Water In Street
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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