SOLD // PARK MERIDIAN

Park Meridian + Development Site

Sold

PRICE:

ADDRESS

11210 & 11224 Meridian Ave N
Seattle, WA

NET RENTABLE SF

NEIGHBORHOOD

Northgate

PARKING

YEAR BUILT

1977

ZONING

Park Meridian: LR3
Proposed Site: 55,352 GSF

UNITS

15-Units + Proposed 57-Unit Development Site

SITE AREA

36,743 SF

Executive Highlights

Value-Add Opportunity

Excellent value-add opportunity, below market rents in a desirable neighborhood
Spacious Units

Spacious units averaging ±768 square feet
Washer & Dryer

Ability to add washer/dryer in each home
Proximity to Light Rail

Less than one mile from the Northgate Light Rail Station
Close Proximity to Light Rail

3.5 miles to Northgate Light Rail Station
MUP Issued

MUP issued prior to City Council approving MHA legislation, no MHA fee: Saves an incoming developer roughly $420,000 in MHA fees