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$1,395,000
2560505 MLS ⋅ ACTIVE Status
ATTENTION BUILDERS, DEVELOPRS & INVESTORS! Don't miss this Rare opportunity to acquire a fully approved and PERMIT-READY 9-townhome development site in the highly desirable Panther Lake community of Kent. Zoned NR-4A, this shovel-ready project includes all City of Kent approved and stamped plans, including site development, civil, architectural, structural, utility, and engineering documents. Construction drawings are complete, allowing a developer to begin site preparation and construction immediately. The project features nine modern three-story townhomes, each offering 2,000+sq.ft of thoughtfully designed with spacious layouts including, 3 bed, 2.5 bath, kitchen with dinning & pantry, office space, laundry, refined living space, storage, patio, deck, car garage & much more. The existing home has already been demolished and removed, saving additional time and costs. Conveniently located with easy access to major freeways, schools, shopping, restaurants, public transportation, parks, and other amenities. ALL THE CONSTRUCTION PERMITS ARE READY TO GO. Exceptional investment opportunity with strong profit potential!

20254 108 Ave SE, Kent

Listing courtesy of Skyline Properties, Inc..

$975,000
2550852 MLS ⋅ ACTIVE Status
A good location in a popular Ballard neighborhood, this is a flat corner lot with many possibilities to build. NC255' (Neighborhood Commercial) zoning, 50 X 100 lot allows for mixed use, multi family or commercial. On the corner of 11th Ave NW and NW Market Street with good frontage, visibility and easy access. In an area of growth with newer developments happening nearby. This was planned and partially permitted for a four story 45 unit building, but plans changed. A good opportunity for development to build, lease and keep/resell, or owner user to build and operate a business. A good value for the area.

1103 NW Market Street, Seattle

Listing courtesy of Windermere Real Estate Co..

$6,000,000
2555135 MLS ⋅ ACTIVE Status
Rare 1.77-Acre Riverfront Development Opportunity in Downtown Bothell. This exceptional 1.77-acre vacant parcel is one of the largest — if not the largest — remaining pieces of undeveloped land along the Sammamish River in the heart of downtown Bothell. Perfectly situated right off Highways 405 and 522, the property offers immediate access and high visibility while being just steps from the University of Washington Bothell campus and within 0.5 miles of Bothell City Hall. Its prime location makes it ideal for a variety of residential or mixed-use developments. The site is already entitled for a 32-unit townhome project consisting of four buildings. The thoughtfully designed units range from spacious 2-bedroom, 2-bath to 3-bedroom, 3-bath residences (1,271–1,901 sq ft). Building permits are pending with the City of Bothell, allowing a qualified buyer to move quickly toward construction.

10235 Woodinville Drive, Bothell

Listing courtesy of Groundhog Land Company.

$600,000
2546656 MLS ⋅ ACTIVE Status
ATTENTION!!! INVESTORS, BUILDERS & DEVELOPERS. Shovel-ready corner lot in Kent's Downtown Commercial Enterprise zone, ideally located on James street, next to Showare Center and across from Kent Station. Surrounded by restaurants, grocery stores, retail, with a bus stop next to the property and easy freeway access. Approved for a 4-story mixed-use building: 2 Commercial units on the ground floor and 6 apartments on the floors 2-4, plus a rooftop deck. Total net buildable area is 5683 SF. all engineering and architectural plans - including site, civil, structural, and utilities-are approved and stamped by the City of Kent. Approved plans are included in the list price. Permit is ready-just start building. Old house has been demolished and removed.

525 W James Street, Kent

Listing courtesy of Skyline Properties, Inc..

$4,950,000
2549382 MLS ⋅ ACTIVE Status
Prime development land in Seattle's University District — one block from UW's central campus, steps from U District Link light rail, and flanked by the retail corridor along University Way and 15th Ave NE. Three contiguous parcels totaling 12,960 SF, zoned NC2-75(M) and NC2-65(M1), supporting multifamily, student housing, and ground-floor commercial with mixed-use FAR up to 6.0. Sites of this size and zoning quality adjacent to UW rarely come to market. Priced at $4,950,000 — well below King County assessed value — offering immediate equity and full development flexibility. An exceptional opportunity for developers and investors seeking premium entitled land with the greatest investment value in Seattle's most supply-constrained university submarket.

4722 - 4730 15th Avenue NE, Seattle

Listing courtesy of Best Choice Realty LLC.

$1,150,000
2549317 MLS ⋅ ACTIVE Status
Prime Central District development opportunity!! 4,900 sq ft corner lot zoned LR2 (M) with an 8-unit townhouse project already in the final correction stage with the City of Seattle. Much of the design and permitting work has been completed, giving the next owner a valuable head start toward redevelopment. Architectural fees and third-party consultant fees have already been paid, adding even more value for the next owner. Existing triplex provides interim income potential with one 2BD/1BA unit and two 1BD/1BA units, with a shared laundry. Separate meters and driveways on both sides of the lot add flexibility. Grab your shovel, and get ready to unlock the full potential of this well-positioned CD site. Request marketing file for full project description. Purchase price includes the price of the permits.

118 27th Avenue S, Seattle

Listing courtesy of Keller Williams Realty Bothell.

$1,750,000
2545212 MLS ⋅ ACTIVE Status
For Sale: Prime Development Opportunity! This SeaTac site was previously approved for 26 townhouses, and the seller will provide all prior permits and documentation. Located in a key hub of the Puget Sound economy, SeaTac is home to Washington’s largest international airport and is perfectly positioned between Seattle and Tacoma – the state's top commercial hubs. Just a 12-minute walk or 4-minute drive to the Tukwila Light Rail Station, offering quick, affordable access for commuters to both cities. This is your chance to develop in a high-demand, centrally-located area!

2857 S 152nd Street, SeaTac

Listing courtesy of Dulay Homes LLC.

$1,395,000
2536185 MLS ⋅ ACTIVE Status
Great location!!! Rare opportunity to build NEW Townhomes/Condos. Multi-Family Zoned for Townhomes/Condos highest & best use with 40’ foot height restriction. Per City of Bellevue a possibility to build more than 2 units, buyer to do their own due diligence with the City of Bellevue. Existing duplex is occupied and tenants are MTM. Do NOT disturb tenants. Level property. Gas, electric, water & sewer already connected on property for 2 units in essence saving $$$$$ in connect fees. Stable soil. Property sits in Cul-De-Sac, quiet dead end street. Close to schools, Bellevue College, shopping, I-90, I-405, downtown Bellevue and light rail. Selling in “As Is” condition and seller will do no repairs.

910 142nd Avenue SE, Bellevue

Listing courtesy of Skyline Properties, Inc..

$2,150,000
2535325 MLS ⋅ ACTIVE Status
Exceptional Newcastle development opportunity offering 27,635 square feet of prime land just minutes from Bellevue, Coal Creek, and the Eastside. Development sites of this scale and location are increasingly difficult to find, this property offers a unique chance to create much-needed housing in one of the Puget Sound region's strongest real estate markets. The current owner has completed extensive preliminary planning, including a detailed site plan and feasibility study featuring 27 townhome residences averaging approximately 1,680 square feet each, situated above a structured parking garage with 33 parking stalls and complemented by a 4,500-square-foot retail/commercial space. The proposed mixed-use concept creates the potential for a vibrant live-work environment while maximizing the site's development potential. Flexible zoning provides the opportunity to pursue a flexible vision and permitting strategy, whether advancing the existing concept or exploring alternative development scenarios. Surrounded by strong demographics, excellent schools, major employers, shopping, dining, parks, and convenient access to Bellevue, Seattle, and regional transportation corridors, the location offers compelling fundamentals for long-term success. Property shares the same address as the Newcastle Library. The parcel being offered for sale is located behind the library.

12901 Newcastle Way, Newcastle

Listing courtesy of Berkshire Hathaway HS NW.

$999,999
2532708 MLS ⋅ ACTIVE Status
Property is sold as is, currently zoned as Multi-family, presently can be used as recreational only prior to clearance from WDNR, however the Lakehills Driving on I90, take Exit 11 to 148th Ave SE . Follow to 148th Avenue NE & NE 6th Street. Take a Right on NE 6th and entrance is city of Bellevue does list the property as buildable with utilities at the property line (Water & Power). No Feasability assessments have been done or will be done by the seller, caveat emptor buyer will be responsible for ALL Assessments.

539 148th Street NE, Bellevue

Listing courtesy of William E. Johnson.

$1,400,000
2530638 MLS ⋅ ACTIVE Status
Prime corner lot development opportunity in Seattle's Central District — one of the city's most historically significant and rapidly transforming urban neighborhoods. This 3,600 SF corner parcel is zoned LR2(M), unlocking increased height and density potential beyond standard LR2. The Mandatory Housing Affordability designation allows for up to 40-foot building height and 1.6 FAR — meaning up to approximately 5,760 buildable square feet — in exchange for an affordable housing contribution or on-site inclusion requirement. Corner positioning offers flexible site design, enhanced visibility, and superior development potential compared to mid-block parcels. Rear alley access provides additional utility for parking, services, and building ingress. New multifamily development is evident throughout the immediate surrounding blocks, reflecting the neighborhood's ongoing transformation. Located within walking distance of Swedish Hospital Cherry Hill, Seattle University (0.6 miles), and Garfield High School. Minutes to Capitol Hill, First Hill, and downtown Seattle with convenient I-5 access and robust Metro transit connectivity — all key demand drivers for future tenants. Buyer to verify all zoning, permitting, and development feasibility with the City of Seattle SDCI

601 21st Avenue, Seattle

Listing courtesy of Asay Realty.

$1,600,000
2529045 MLS ⋅ ACTIVE Status
Development opportunity in the Cental Disteict Zoned NC1-40 (M1). This prominent corner lot at 22nd Ave & E Cherry offers strong potential for a mixed use development in one of the city’s most dynamic urban neighborhoods. Ideally positioned just minutes from downtown Seattle, Capitol Hill, and Madison Valley.The property benefits from excellent walkability, transit access, and proximity to key neighborhood amenities. Nearby destinations include Garfield High School, Chuck’s Hop Shop, and the Northwest African American Museum. Tenant is tiny homes - Low Income Housing Institue of Seattle and the lease expires on Dec, 31 2026

612 22nd Avenue, Seattle

Listing courtesy of RE/MAX Northwest.

$875,000
2526266 MLS ⋅ ACTIVE Status
Prime Development Opportunity – LR1 (M) Zoning | Value in Land Attention builders, investors, and developers—exceptional opportunity in West Seattle! This ~7,650 sq ft lot is zoned LR1 (M), offering strong potential for townhouse-style development or multiple-unit construction (buyer to verify). The existing structure is a complete teardown and is being sold strictly as-is. The true value is in the land and the favorable zoning, making this an ideal site for your next project. Located in a desirable and rapidly evolving area, the property is surrounded by residential growth and new construction. Convenient access to major commuter routes, local amenities, and West Seattle hotspots enhances long-term value and marketability. Whether you’re looking to develop now or hold as a strategic investment, this is a rare opportunity to capitalize on LR1 zoning in a high-demand Seattle location. Bring your plans and vision—opportunities like this are becoming increasingly scarce!

2816 SW Dakota Street, Seattle

Listing courtesy of HomeSmart Real Estate Assoc.

$895,000
2523075 MLS ⋅ ACTIVE Status
Situated in Seattle’s North Beacon Hill neighborhood, the property at 1303 13th Ave S offers an outstanding redevelopment opportunity on a prime corner lot zoned LR3(M) with convenient alley access. Great for Owner/Occupant - Existing improvements include a legal duplex which could also be renovated and sold separately while still being able to build rowhouses off the alley (Buyer to Verify). This 6,000-square-foot site is perfectly poised for constructing 6-8 rowhouses or townhouses, or even a multi-family building, leveraging generous zoning allowances for efficient, multi-story designs that maximize density and appeal. New developments would boast sweeping views of mountains and Puget Sound, along with partial views of downtown Seattle.

1303 13th Avenue S, Seattle

Listing courtesy of Westlake Associates, Inc..

$2,500,000
2521654 MLS ⋅ ACTIVE Status
Western Parcel offers a rare opportunity to develop an 88-unit multifamily project in one of Seattle’s most connected and rapidly growing neighborhoods. The project has successfully completed Early Design Guidance, allowing the next owner to move efficiently toward permitting and construction. Located at the intersection of Columbia City, Hillman City, and Beacon Hill, the site benefits from a vibrant and culturally rich community known for its diverse dining, retail, arts, and entertainment options. The neighborhood’s strong identity and growing demand for housing continue to attract residents seeking an authentic urban lifestyle. The property is ideally positioned just two blocks from the future South Graham Street Light Rail Station, providing direct access to Downtown Seattle, Sea-Tac Airport, and the greater Puget Sound region. The site also offers convenient access to major bus routes and transportation corridors, supporting a highly walkable and transit-oriented living experience. Surrounded by parks, schools, employment centers, and daily amenities, Western Parcel is well suited for a modern residential development that combines urban accessibility with neighborhood character. The project may also qualify for Seattle’s Multi-Family Tax Exemption (MFTE) program, enhancing long-term investment potential.

5721 35th, Seattle

Listing courtesy of eXp Realty.

$10,500,000
2517465 MLS ⋅ ACTIVE Status
This 1.13-acre development site in the heart of City of Woodinville proposed for 47 Townhomes. The development site spans across five contiguous lots consisting of a strong residential submarket demand drivers with high desirable community living. Woodinville is consistently ranked as Washington’s best place to live, offering a wealthy resident base and easy access to major employers like Microsoft, SpaceX, and the Bothell University of Washington and biotech hub. With a massive shortage of housing in the area and quick access to I-405, this project is perfectly positioned to meet the high demand for luxury living. This is a rare, high-reward opportunity to enter a top-tier market.

12463 NE Woodinville Drive, Woodinville

Listing courtesy of Realty One Group Enterprise.

$1,100,000
2512896 MLS ⋅ ACTIVE Status
Great Retail Lot. Buyer to verify exactly what is needed for 3 staggered levels of parking below the street level, 65' of residential units some with a great Sound and Mountain view too! Sewer is at the lower edge of property line on 16th Ave S. Also accessible on 16th Ave S(30' gravel road). Electricity, water and gas are on the property.

29223 S Pacific Highway S, Federal Way

Listing courtesy of Better Properties UP/Fircrest.

$799,950
2513150 MLS ⋅ ACTIVE Status
Attention Builders and Developers! A new 10-unit townhome construction project in downtown Burien located just four blocks south and five blocks west of the city center with restaurants, shopping, library, and community activities & events. The location is also uniquely positioned 15 minutes from downtown Seattle, 10 minutes to Interstate 5, SeaTac airport, and the Westfield Mall. The townhome design features three bedrooms three and ½ baths single car garage and a rooftop deck on each unit.

15439 9th Avenue SW, Burien

Listing courtesy of Merrick Real Estate, LLC.

$549,900
2512599 MLS ⋅ ACTIVE Status
This is an exceptional investment opportunity on over half an acre in the heart of Des Moines. This prime parcel offers tremendous potential for future development or long-term hold in an area experiencing continued growth and strong demand. Ideally located with excellent visibility, convenient access, and close proximity to major amenities, the property is well positioned for a variety of future uses. Whether you're exploring residential, commercial, or multi-family possibilities, this land presents a rare chance to secure a valuable piece of property in a thriving location. Water, sewer, and electricity are available nearby, adding to the property's convenience and development potential. Don’t miss this rare opportunity to invest in one of Des Moines’ most promising areas. Seller Financing available!

2805 S 216th Street, Des Moines

Listing courtesy of Inspire Realty.

$1,050,000
2511772 MLS ⋅ ACTIVE Status
Prime development opportunity in Seattle’s rapidly growing Mount Baker neighborhood. Positioned on a desirable corner lot, this LR2-zoned property offers exceptional flexibility for builders and investors—ideal for townhomes, small multifamily (2–4 units), or a larger-scale apartment or condo project (buyer to verify). The existing home is livable, with a long-term tenant recently vacated, but the true value lies in the land and its development potential. All utilities are available on-site, helping streamline the entitlement and building process. The flat, usable lot configuration further enhances efficiency for site planning and construction. Located just minutes from the Mount Baker light rail station, this property offers strong transit-oriented appeal, making it highly attractive for future residents and renters alike. Convenient access to I-90 provides quick connectivity to I-5, I-405, downtown Seattle, Bellevue, and beyond. This central location continues to see strong growth, driven by infrastructure, accessibility, and increasing housing demand. The seller has not pursued full development, creating an opportunity for the next owner to step in and unlock the site’s full potential. Seller is open to working with buyers exploring a mid-sized project. Opportunities like this—combining zoning flexibility, location, and upside—are increasingly rare in this high-demand corridor. Bring your vision and capitalize on the growth of Mount Baker.

3101 S Walden Street, Seattle

Listing courtesy of John L. Scott, Inc.

$1,075,000
2507351 MLS ⋅ ACTIVE Status
TOWNHOUSE REDEVELOPMENT OPPORTUNITY NEAR FREMONT/WALLINGFORD/GREENLAKE | 4,000 SF LOT WITh LR2 (M) ZONING 807 N 49th St is located just blocks from the Woodland Park Zoo, this 4,000 square foot lot is zoned LR2 (M), a highly desirable zoning code for townhome and small-scale multifamily development. Historically, LR-zoned sites were subject to unit-count density caps that limited overall development potential. However, with the implementation of HB 1110 in June 2025, those constraints have been removed in favor of a building envelope driven by FAR, height, and setback standards, meaning the total buildable size is now the primary limitation rather than the number of units. This shift allows developers to increase unit count through more efficient design, creating a more compelling development opportunity for 4+ luxury townhomes (buyer to verify) with skyline views in one of Seattle’s most sought-after neighborhoods. The existing structure on the site currently operates as a 5 Unit apartment building producing $50,311 in annual net operating income.

807 N 49th Street, Seattle

Listing courtesy of Blake Investment Advisors.

$250,000
2488693 MLS ⋅ ACTIVE Status
Rare opportunity to acquire an affordable and buildable 9,000 sqft lot on the best block in South Park. Steps away from the waterfront parks and the South Park business district. Georgetown, White Center, Burien, and Beacon Hill are just a short drive away. Build either up to 5 townhomes or a custom SFR home on a large lot. Previous plans were approved for a 5-unit townhome development. Utilize street parking to avoid building in the ECA. Studies are available.

532 S Concord Street, Seattle

Listing courtesy of Providencia.

$380,000
2488080 MLS ⋅ ACTIVE Status
Investor - Developer Opportunity. Zoned for Moderate Density Multifamily, this 4.78-acre transit-oriented development site offers exceptional potential just south of the Kent Des Moines light rail station and adjacent to Interstate 5. Zoning allows multiple residential uses, including single family, townhomes, and multi-family, with up to 16 units per acre outside wetland buffers. A daycare is also permitted. With a city variance, the site may allow up to a to be determined unit count. Three-story garden-style multifamily development. The wetland study identifies approximately 18,400 square feet of net usable area, which may allow for 6–7 units. With buffer averaging and mitigation, usable area could potentially increase to approximately 37,000 square feet, supporting 12–13 units or more (subject to approvals). Sewer, city water, power, phone, existing sidewalks, curb on the street frontage. SIGN COMING.

25 xxx S 260th Street, Kent

Listing courtesy of KW Mountains to Sound Realty.

$200,000
2486699 MLS ⋅ ACTIVE Status
Great opportunity to develop this 4,787 square foot lot on North Beacon Hill. This property is zoned LR2 and is located in an opportunity zone. Potential to build custom homes with views of the mountains. Good location with quick access to I-90 and I-5. Seller has completed no studies on this property. Buyers to do their own feasibility and due diligence.

132 X 16th Avenue S, Seattle

Listing courtesy of KW Greater Seattle.

$1,000,000
2487311 MLS ⋅ ACTIVE Status
Vacant Land zoned neighborhood commercial. Master Use Permit Approved for 4-story mixed-use building. 12-apartments plus retail on ground floor, total of 7,137 SF of rentable area. Permit No. 6598837-CN

1624 N 45th Street, Seattle

Listing courtesy of Westland Realty.

$1,300,000
2485451 MLS ⋅ ACTIVE Status
Reduced Price! DEVELOPMENT POTENTIAL in Freemont ~ Zoned LM1 (M) Residential Lot Size 5,000 sf, Allowed Units 4–6 units depending on design. Possible FAR Up to 1.2 FAR (~6,000 sf), Potential Unit Types include flats, stacked flats, townhouses, row houses & ADUs. 4 principal units + 1–2 ADUs (detached or attached). Max Height 32', depending on configuration. ADUs can be up to ~1,000 sf each (subject to design compliance). Under updated 2025 "Middle Housing" rules, residential lots in Seattle now support a baseline of 4 units, more if next to transit and affordable housing is added to the mix. Buyer to verify all information to their own satisfaction. We are entertaining ALL OFFERS!

4309 Evanston Avenue N, Seattle

Listing courtesy of Windermere Real Estate/HLC.

$1,075,000
2484945 MLS ⋅ ACTIVE Status
Highly desirable, LR3 (M) Zoned, West Seattle Redevelopment Project. Part of the "One Seattle Plan". Located on the Western most boundary of the Up Zone. Multi-story development will yield gorgeous Sound & Mountain Views. Level lot & paved alley provide several development options. Centrally located between Morgan and Alaska Junctions. Convenient to shops, restaurants, the Farmers Market, Parks, Beaches and Transportation. Minutes to Downtown Seattle. Charming 2 bedroom home on the property, could generate income until ready to build. Buyer to verify all information to their own satisfaction.

5912 45th Avenue SW, Seattle

Listing courtesy of John L Scott RE West Seattle.

$379,950
2476887 MLS ⋅ ACTIVE Status
Rare opportunity to acquire a 7-unit townhome development site. This property features 21,246 sq. ft. of cleared land with conditional approval, ready for development. The lot has been previously cleared with an existing access way, reducing pre-construction work and allowing for a quicker build. Located in a vibrant Burien community, the site offers easy access to Seattle, Sea-Tac Airport, and major transportation routes, making it highly attractive for modern townhome development. Perfect for builders or investors looking to capitalize on the strong demand for multi-family housing, this site combines location, readiness and investment potential. Priced for a quick sale, opportunities like this are rare in the Seattle metro area. Don’t miss your chance to develop high quality townhomes in a growing market!

12149 Des Moines Memorial Drive S, Seattle

Listing courtesy of WPI Real Estate Services, Inc..

$645,000
2451540 MLS ⋅ ACTIVE Status
*Price Reduced-This is a permit-ready development lot in Seattle's desirable Northgate neighborhood. The lot is 4,980SF and pre-approved for a 14-unit apartment building (6,474BSF) under LR1(M) zoning. Permitted plans are included with the list price. Multiple unit configurations, bike parking, and sustainable designs conform to different tenant needs. Located near I-5, the Light Rail, Green Lake, and UW, it aligns well with the One Seattle Plan. Demolition and Construction permits are ready for issuance; Master Use Permit issued upon completion. Existing home (720SF, 1bd/1ba, 600sf basement, det. garage) is operated as a short-term rental with strong occupancy and income. Complete this modern and vibrant addition to Northgate or expand the lot your way! New Roof installed in October 2025.

10019 Interlake Avenue N, Seattle

Listing courtesy of KW Greater Seattle.

$1,295,000
2440345 MLS ⋅ ACTIVE Status
North Beacon Hill development site, zoned LR3 urban village and situated on a 7,610 SF lot. This covered land play presents a unique income-producing development opportunity with the existing duplex that currently generates $63,000 in gross annual income, providing immediate cash flow for investors during the pre-development or entitlement process. The site supports higher density residential or mixed-use development. The zoning flexibility allows for long-term appreciation through redevelopment while retaining near-term income from the existing duplex. This dual profile makes the offering attractive to both investors seeking cash flowing assets and developers targeting urban infill opportunities.

1306 S Bayview Street, Seattle

Listing courtesy of Urban Commercial Partners, LLC.

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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