Just Sold: ZBT Fraternity + Development Site, Seattle, WA
Announcing the recent sale of the ZBT Fraternity + Development Site, located at 4626 21st Ave NE in Seattle's vibrant University District. This property, originally built in 1910, was sold for $5,250,000 and presents a significant investment opportunity in one of the city's most sought-after areas.
?? ??????????????: 4626 21st Ave NE
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The University District is known for its dynamic mix of academic culture, historic charm, and robust development potential. This property not only offers an excellent? development site but also includes 20,000 square feet of land. Its prime location near the University of Washington and local amenities makes it a strategic acquisition for investors.
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The sale highlights growing investor interest in the University District, a neighborhood undergoing significant redevelopment and growth. This property is positioned in the heart of the @University of Washington's most sought-after student living district, Greek Row, near light rail transit, and a vibrant commercial area. This site offers numerous possibilities, including renovating the existing structure to redeveloping the land for higher density uses.
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The Seattle multifamily market continues to show resilience and opportunity. As more areas like the University District attract redevelopment, investors are recognizing the long-term value in properties that can adapt to the evolving needs of the community. The demand for housing near educational and employment hubs remains strong, making sales like this a testament to the market's potential.
With Seattle’s market dynamics favoring strategic investments, opportunities like the ZBT Fraternity + Development Site can set the stage for future growth. If you're interested in exploring more investment opportunities or have questions about the Seattle market, reach out to us.
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