URBAN CENTER DEVELOPMENT - 707 E HARRISON - Paragon ...
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7 0 7 E H A R R I S O N
URBAN CENTER DEVELOPMENT
OPPORTUNITY
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 EMPLOYER MAP
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 ESTATEEXTERIORS
EXTERIORS
INTERIORS
INTERIORS
MASSING STUDY
MASSING STUDY
MASSING STUDY
MASSING STUDY
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.You can also read
