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Mitchell Belcher
Managing Director
425.891.9594
mitchell.belcher@berkadia.com
Steven Chattin
Managing Director
425.269.3826
steven.chattin@berkadia.com
Jay Timpani
Managing Director
206.999.3206
jay.timpani@berkadia.com
INVESTMENT ADVISORS
Primary Contact:
Chad Blenz
Senior Director
206.491.2008
chad.blenz@berkadia.com
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Fully Entitled Development Site near Light Rail Station in
Urban Growth Area
Address
City, State, Zip
Price
Lot Size
Units Proposed
Parcel Nos.
Zoning
County
3416 Claremont Ave S
Seattle, WA 98144
$1,400,000
9,000 SF / 0.21 acres
36
1282301520, 1282301515
LR3 (M2)
King
Chad Blenz
Senior Director
206.491.2008
chad.blenz@berkadia.com
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2024 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
Seattle office
601 Union St, Suite 3909
Seattle, WA 98101
bellevue office
411 108th Avenue NE, Suite 1080
Bellevue, WA 98004
contact
Phone: 206.521.7220
Fax: 206.521.7222
Privacy | Terms of Use
The Opportunity
/ Two adjacent parcels totaling 0.21 acres; zoned LR2 (M3) with an urban village overlay; to be delivered fully-entitled
/ Consists of two conjoined buildings with 36 units and ground-level amenity space; neighboring site may be available for purchase for development of 46 additional units
/ Seven-minute walk to Mount Baker Light Rail Station, providing easy access to employment centers around the area
/ Proximity to Downtown Seattle; immediate access to Interstates 5 and 90; neighborhood retail core with amenities within walking distance; Lumen Field and
T-Mobile Park within four miles
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Fully Entitled Development Site near Light Rail Station in Urban Growth Area
Brandon Lawler
Senior Director
206.484.8114
brandon.lawler@berkadia.com
/ Within four miles of Amazon, Google, Meta and Apple; nearby employment centers easily accessible with proximity to transit options and major interstates
Chad Blenz
Senior Director
206.491.3826
chad.blenz@berkadia.com
brandon lawler
Senior Director
206.484.8114
brandon.lawler@berkadia.com
Jay Timpani
Managing Director
206.999.3206
jay.timpani@berkadia.com
Steven Chattin
Managing Director
425.269.3826
steven.chattin@berkadia.com
Mitchell Belcher
Managing Director
425.891.9594
mitchell.belcher@berkadia.com
INVESTMENT ADVISORS
Our team
Back to Top
View Listings
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2024 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
contact
Phone: 206.521.7220
Fax: 206.521.7222
Seattle office
601 Union St, Suite 3909
Seattle, WA 98101
bellevue office
411 108th Avenue NE, Suite 1080
Bellevue, WA 98004
Chad Blenz | Senior Director
206.491.2008
chad.blenz@berkadia.com
206.491.2008
chad.blenz@berkadia.com
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Our Team
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The Opportunity
Location Map
Our Team
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View Opportunity
/ Two adjacent parcels totaling 0.21 acres; zoned LR2 (M3) with an urban village overlay; to be delivered fully-entitled
/ Consists of two conjoined buildings with 36 units and ground-level amenity space; neighboring site may be available for purchase for development of 46 additional units
/ $2,132 per month average effective rent in the Capitol Hill/Central District submarket
/ Seven-minute walk to Mount Baker Light Rail Station, providing easy access to employment centers around the area
/ Within four miles of Amazon, Google, Meta and Apple; nearby employment centers easily accessible with proximity to transit options and major interstates
/ Proximity to Downtown Seattle; immediate access to Interstates 5 and 90; neighborhood retail core with amenities within walking distance; Lumen Field and T-Mobile Park within four miles
/ $2,132 per month average effective rent in the Capitol Hill/Central District submarket
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3416 Claremont Ave S
Seattle, WA 98144
Price
$1.4M
total Lot size
9,000 SF / 0.21 acres
Units Proposed
36
Parcels
1282301520, 1282301515
zoning
LR3 (M2)