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Listed by:Asay Realty • Trevor Asay • Sarah Asay

Andrea Mylan

andreamylan@simplihom.com +1(253) 652-4972

Listed by:Asay Realty • Trevor Asay • Sarah Asay

$ 1,400,000

Est. payment -/mo

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Active

601 21st AVE Seattle, WA 98122

3,600 Sqft Lot

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

Subdivision Capitol Hill

MLS Listing ID 2530638

Style 42 - Multi-Family

Annual Tax Amount $678

Lot Size 3,600 Sqft

Property Sub-Type Land

Property Description

Prime corner lot development opportunity in Seattle's Central District — one of the city's most historically significant and rapidly transforming urban neighborhoods. This 3,600 SF corner parcel is zoned LR2(M), unlocking increased height and density potential beyond standard LR2. The Mandatory Housing Affordability designation allows for up to 40-foot building height and 1.6 FAR — meaning up to approximately 5,760 buildable square feet — in exchange for an affordable housing contribution or on-site inclusion requirement. Corner positioning offers flexible site design, enhanced visibility, and superior development potential compared to mid-block parcels. Rear alley access provides additional utility for parking, services, and building ingress. New multifamily development is evident throughout the immediate surrounding blocks, reflecting the neighborhood's ongoing transformation. Located within walking distance of Swedish Hospital Cherry Hill, Seattle University (0.6 miles), and Garfield High School. Minutes to Capitol Hill, First Hill, and downtown Seattle with convenient I-5 access and robust Metro transit connectivity — all key demand drivers for future tenants. Buyer to verify all zoning, permitting, and development feasibility with the City of Seattle SDCI

Location

State WA

County King

Area 390 - Central Seattle

Interior

Fireplace false

Exterior

Utilities Available Electricity Connected, Natural Gas Available

View Y/N No

Building

Sewer Available

Water Available

Schools

School District Seattle

Others

Senior Community No

Acceptable Financing Cash, Conventional, Owner Will Carry, See Remarks

Listing Terms Cash, Conventional, Owner Will Carry, See Remarks

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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+1(253) 652-4972

andreamylan@simplihom.com