5907 Martin Luther King Jr Way S, Seattle, WA 98118 (MLS # 2153442)

Listing provided courtesy of Northwest MLS; Heartland LLC

PRICE	$12,000,000
BEDS	0
BATHS	0
HOME SIZE	n/a
LOT SIZE	1.87 ac

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The Owner is selling ~81,544 SF of land (a portion of parcel #2224049028), including a 10,400 SF office building completed in 2015. The parcel is zoned NC2-75 (M). The Owner seeks to retain approximately 16,000 land SF of the westernmost portion of the current 97,544 SF parcel, including the westernmost building (outlined in yellow in most of the attached graphics). NC2-75 (M) zoning allows various commercial and residential uses. Residential multifamily or townhomes are likely the highest and best use. Preliminary yield studies indicate that the Site could accommodate 295 multifamily units or 57 townhomes utilizing all for-sale land.

DAYS ON MARKET	256	LAST UPDATED	8/21/2023
TRACT	Hillman City	YEAR BUILT	0
COMMUNITY	Hillman City	COUNTY	King
STATUS	Active	PROPERTY TYPE(S)	Lot/Land/Acreage

SCHOOLS

School District	Seattle

ADDITIONAL DETAILS
AREA	380 - Southeast Seattle
BUYER'S BROKERAGE COMPENSATION	2.25%
HEAT	None
LOT	1.872 acre(s)
SUBDIVISION	Hillman City
UTILITIES	Electricity Connected
ZONING	NC2-75 (M)

MORTGAGE CALCULATOR

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 5/3/24 7:33 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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