Seattle, Wash. (December 11, 2019) – Kidder Mathews arranged the sale of a development site located at 425 N 85th Street in Seattle’s growing Greenwood neighborhood. The property closed on Tuesday, December 10, for $3,200,000, equivalent to $261 per land square foot.
The 12,240 square foot corner site is zoned Neighborhood Commercial 2 and allows for buildings up to 55 feet in height. Plans recently submitted to the City also include the site to the west (415 N 85th Street) to develop a 202-unit multifamily apartment building consisting of SEDU and one-bedroom units.
Located just one block east of Greenwood Avenue N., part of the Greenwood-Phinney Ridge Urban Residential Village, featuring popular destinations such as FlintCreek Cattle Co., The Angry Beaver pub, and Coyle’s Bakeshop. Future residents will also be within walking distance of Fred Meyer and Bartell Drugs.
Dylan Simon, Jerrid Anderson, Matt Laird, Jason Rosauer, Rob Anderson, and Rod Keefe of Kidder Mathews’ Seattle office represented the seller, Encore Publishing Inc.
About Kidder Mathews
Kidder Mathews is the largest independently owned commercial real estate firm on the West Coast, with 800 real estate professionals and staff in 22 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, project & construction management, and debt & equity finance services for all property types. The firm performs $9 billion in transactions, manages over 70 million square feet of space, and conducts over 1,600 appraisals annually.