Unique investment/redevelopment opportunity in prime University District location revitalized by new light rail 2 blocks away. Striking 12000 SF mid-century mixed-use building on “the Ave” by architect Samuel Morrison comprises 18 vintage open 1BR apartments and 3500 SF boutique retail space, once home of Academy of Classical Ballet, run by Irene Larson of NY City Ballet, and of Jun Fan Gung Fu Institute, martial arts school of fighter, teacher and philosopher Bruce Lee. Recapitalize and renovate the property for cash flow in thriving sub-market with focused, high demand renter base or develop in accordance with N3P-65 (M1) zoning. Steps from new mixed-use Safeway valued at $90M & adjacent 24-story M Tower, both by LA-based Fields Holdings.
Listing Courtesy of Northwest MLS / Windermere Real Estate Co. / Edward Krigsman
$1,998,000
Alki Area Residential
Active
2317 Harbor Avenue SW Seattle, WA 98126
4 Bed
4 Baths
3539 sqft
MLS# 1889843
Listing Courtesy of Northwest MLS / Windermere Real Estate Co. / Edward Krigsman
$1,150,000
Bryant Area Residential
Active
3028 NE Blakeley Street Seattle, WA 98105
4 Bed
2 Baths
1897 sqft
MLS# 1935872
Urban Eden. Spacious and private Northwest vernacular bungalow, imaginatively remodeled by award-winning veteran developer Bill Parks. Bold eco-modern aesthetic created by astute use of repurposed elements, green building materials and signature industrial touches. Functionally new construction with new electrical, high-efficiency furnace, stone countertops, acoustically and thermally insulated ceilings. Rebuilt lower level offers flex use as primary suite/Airbnb/potential AADU. Off-street parking for 4 cars. Sited amidst serene greenery overlooking beloved alternative commuting route Burke Gilman Trail, steps from UW, world-class shopping, dining. recreation and equidistant from 2 light rail stations with 45-minute transit time to SeaTac.
Listing Courtesy of Northwest MLS / Windermere Real Estate Co. / Edward Krigsman
$798,000
Boulevard Park Area Land
Active
11250 11244 Military Road S Burien, WA 98168
Bed
0 Baths
sqft
MLS# 1712753
Prime apartment or townhouse development acreage in city of Burien at Seattle’s doorstep. Potential for skyline & Cascade Mountain views. Zoned multifamily RM48, grants up to 37 housing units. Dual tax parcels: #0923049481 (21,393-SF) + #0923049287 (12,769-SF). 175-ft fronting Military Road S. w/utilities available (prior home). Easement to north serves adjacent SF-zoned properties. Close to Rainier Country Club, Boeing Field, and the South Park Bridge (ten minute bus ride to SODO).
Listing Courtesy of Northwest MLS / Windermere Real Estate Co. / Edward Krigsman
