13020 1st Ave NE, Seattle, WA, 98125

13020 1st Ave NE Seattle, WA 98125

Seattle
FOR SALE
Property Type:
Residential Land Development
Amount:
$3,800,000
Last Verified:
Feb 28, 2022


Description

Large parcel, ideal & timely Development Opportunity to begin transforming this Seattle neighborhood near the new 130th street Light Rail Station. Five-minute walk from the new 130th Street Light Rail Station under construction. Site falls within the ½ mile “Station Area Plan” which was drafted in 2021 by Seattle Office of Planning and Community Development and soon to be published with a change to the “Comprehensive Land Use” map, expected to incorporate mixed-use and multi-family. Property is steps away from Northacres Park. Conveniently located, minutes away from a UW Medical Center, Ingraham High School, shopping and restaurants. Buyer to verify all information.

13020 1st Ave NE, Seattle, WA 98125

Lot Size: 0.82 acres

Map of 13020 1st Ave NE, Seattle, WA, 98125

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.