Attention Investors! Madison Valley redevelopment opportunity offering multiple paths for value creation in a prime location surrounded by continued growth, investment, and strong neighborhood demand. For buyers not pursuing immediate ground-up development, the existing structure presents compelling potential. A thoughtful renovation and reconfiguration may create two separate residential units, offering an owner/user setup, income opportunity, or long-term hold while preserving future redevelopment options. For larger-scale redevelopment, the property is zoned NC2-75 (M1), allowing exciting mixed-use possibilities with heights up to 75 feet. Ideal for developers, assemblage buyers, investors, or those seeking long-term upside. Situated on an approx. 4,030 SF lot, the site may support a variety of concepts, including residential above ground-floor commercial or amenity space, subject to buyer verification, design review, and permitting. An exceptional opportunity in one of Seattle's most sought-after neighborhoods with convenient access to retail, dining, transit, employment centers, and continued area growth. Buyer to verify zoning, unit count, rental potential, and redevelopment feasibility to their satisfaction.
| MLS # | 2539377 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Building Name | Rentons Addition |
| Sub-Type | Resale |
| Status | Active |
| Year | 1906 |
| Days On Site | 148 |
| Listing Provided By | Windermere Mercer Island | Julie Wilson |
| Bed(s) | 3 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,890 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | NC275 (M1) |
| Acreage | 0.09 |
| Property View | Yes |
| Property | 12394 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98122 |
| Area | 390 Central Seattle |
| Community Name | Capitol Hill |
| School District | Buyer To Verify |
| Elementary School | Buyer To Verify |
| High School | Buyer To Verify |
| Listing VS Median (in Capitol Hill) | |
Price: $950,000 low | high Med: $659,000 sqft: 1,890 low | high Med: 900 $ / sqft: $503 low | high Med: $732 On site: 148 low | high Med: 62.5 | |
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98122 |
| Area | 390 Central Seattle |
| Community Name | Capitol Hill |
| School District | Buyer To Verify |
| Elementary School | Buyer To Verify |
| High School | Buyer To Verify |
| Listing VS Median (in Capitol Hill) | |
Price: $950,000 low | high Med: $659,000 sqft: 1,890 low | high Med: 900 $ / sqft: $503 low | high Med: $732 On site: 148 low | high Med: 62.5 | |