URBAN CENTER DEVELOPMENT - 707 E HARRISON - Paragon ...
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NORTHGATE GREENWOOD BALLARD GREEN LAKE UNIVERSITY FREMONT DISTRICT HARRISON ST DEV. OPPORTUNITY MAGNOLIA INTERBAY QUEEN ANNE CAPITOL HILL SEATTLE CBD CENTRAL DISTRICT WEST SEATTLE
OFFERING Paragon Real Estate Advisors is pleased to exclusively offer for sale the 707 E Harrison Urban Center Development Opportunity. The property is on a prime corner lot and is zoned for an eight-story residential development. It also offers a great opportunity for an owner user for a company’s office or combination of the two. • Early 1906 Old World Charm Office Building • Updated Throughout with Era Appropriate Design • 9- Private Office and potential for additional offices • Two Conference Rooms • Nicely appointed Kitchen, Two Bathrooms • Gross Sq.Ft. 4,497 (KCR) • Finished Sq.Ft. 3,300+/- • On-site Parking for 6+ Vehicles NAME 707 E Harrison Urban Center Dev. Opportunity ADDRESS 707 E Harrison Street, Seattle, WA 98102 PROPOSED DEVELOPMENT 40 units or 6 Townhomes LOT SIZE 5,927 Sq.Ft. PRICE $2,795,000 PRICE PER LOT FOOT $471 ZONING MR (M) This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify all information and bears all risk for inaccuracies.
INVESTMENT HIGHLIGHTS Ideal Owner User Property or Development Site Great Land Bank Opportunity Potential to Develop 35-40 Units (Buyer to Verify) Investor with Development Potential Not on Historic Inventory List Perfect for Architects, Law Firms, Real Estate, Day Care, Small Tech Firm Low Maintenance Building Prominent Corner Lot Upper Floors have views of Seattle City Skyline
LOCATION HIGHLIGHTS 97 Walk Score/ 82 Transit Score Located in First/Capitol Hill Urban Center (No Parking Requirement) A+ Prime Location One Block to Broadway Avenue Walk to Variety of Retail and Entertainment Services Two Blocks to Quality Food Center (QFC) Seattle Skyline View Walking Distance to Light Rail Station (UW, Downtown, SeaTac Airport) Close to Cal Anderson Park 5 minutes to Downtown Easy Access to I-5
CAPITOL HILL Capitol Hill is a residential neighborhood with a funky, fast- paced, and vibrant personality. During the day, markets, boutiques, and salons are a big draw. Nightlife is hopping with clubs, bars, and music venues, and you’ll often find coffee shops that moonlight as cocktail lounges VOLUNTEER HARVARD- PARK BELMONT This desirable location contains some of Seattle’s wealthiest neighborhoods, including “Millionaire’s Row” along 14th Avenue E, a charming collection of single family residences on tree-lined streets, and the Harvard-Belmont Landmark District. To the north is Capitol Hill’s largest and most popular public park. The 48 acre Volunteer Park is home to Seattle’s Asian Art museum, tennis courts, a conservatory, and a variety of city-wide events. CAPITOL The demand for Capitol Hill apartments continues to rise as HILL nearby Amazon continues to expand in the area. This location is also home to longstanding health care providers including Swedish Medical Center, Group Health and Virginia Medical Center. Nearby Seattle University and Seattle Central College provide a consistent base to the apartment demand in the area. POPULATION MEDIAN HOUSEHOLD RENTER-OCCUPIED MEDIAN RENT INCOME HOUSING 31,818 $101,345 80% $1,572
CAPITOL HILL NEIGHBORHOOD AMENITIES Restaurants & Bars 1. Victrola Coffee and Art. 2. Mamnoon 3. Terra Plata 4. Taylor Shellfish Oyster Bar 8 HARRISON ST DEV. 7 5. Sitka and Spruce 6. Salt & Straw OPPORTUNITY 7. Spice Waala 8. Stateside 9. Kaladi Brothers Coffee 4 2 10. The Belmont Lounge 11. Altura 15 12. Foreign National 13. Trove 11 14. Ayutthaya Thai 1 15. Rapport Seattle 16 7 16. Rondo Japanese Kitchen 5 3 Shops & Services 2 3 8 13 6 6 1 1. Walgreens 4 12 5 2. Pike Grocery 5 3. Whole Food Market 1 4. QFC 14 2 4 5. Rite Aid 7 6 6. Bartell Drugs 9 7. Amazon Go 10 3 8. Pike Place Market 8 Parks/Schools/Services 1. Cal Anderson Park 2. Volunteer Park 3. Kaiser Permanente Capitol Hill Campus 4. Lake Union Park 5. Seattle Central College 6. Capitol Hill Light Rail Station 7. Arboretum 8. Interlaken Park
SEATTLE’S BOOMING TECH MARKET SEATTLE LOCAL TECH COMPANIES IN SEATTLE PACIFIC OCEAN T E C H M I G R A TI ON FR OM N SA FR AN CI SC OB AY AR EA SAN FRANCISCO
KING COUNTY INFORMATION KING COUNTY 2.3 million SINCE 2O1O, ON AVERAGE, KING COUNTY HAS ADDED 31,8OO PEOPLE PER YEAR, OR POPULATION GROWTH HAS BEEN GREATER THAN 13,OOO HOUSEHOLDS AT 2.45 PERSONS PER HOUSING PRODUCTION CONSISTENTLY SINCE 2O11. HOUSEHOLD. POPULATION KING COUNTY MEDIAN $95,009 NATIONAL MEDIAN $63,179 HOUSEHOLD INCOME HOUSEHOLD INCOME KING COUNTY by 78% NATIONAL INCREASE by 3% HOUSEHOLD INCOME INCREASE SINCE 2OOO ($41,852) SINCE 2OOO ($1,780) KING COUNTY NATIONAL BACHELOR’S OR 53.2% BACHELOR’S OR 32.6% HIGHER DEGREE RATE HIGHER DEGREE RATE KING COUNTY NUMBER OF UNIVERSITIES 10 EDUCATION KING COUNTY RENTAL 43% NATIONAL RENTAL 36% HOUSING RATE HOUSING RATE KING COUNTY MEDIAN $1,494 NATIONAL MEDIAN $1,023 MONTHLY RENT MONTHLY RENT REAL ESTATE
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600 University St, Suite 2018 David Petersen Chad Martini Founder Senior Investment Advisor Seattle Washington 98101 David@ParagonREA.com Chad@ParagonREA.com 206 623-8880 / info @ParagonREA.com 206.623.8413 206.812.9137 www.ParagonREA.com This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify all information and bears all risk for inaccuracies.
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