TODAY DEALS: Full City Block for Sale
- Jul 14, 2015
Seattle–The MidTown Center property is a full city block located on a major intersection at 23rd Avenue and East Union Street in the Capitol Hill neighborhood of Seattle that’s for sale for the first time in 70 years. The project is being marketed by Kidder Mathews’ brokers Jason Rosauer, senior vice president, and Rob Anderson, both investment specialists.
The site is ripe for large-scale development and it is strategically located between major employment hubs in downtown Seattle, South Lake Union, and Capitol Hill and numerous dense residential communities. It is surrounded by significant new commercial development, as well as, over $43 million in improvements to 23rd Avenue by the City of Seattle. There are currently five structures on the MidTown site, and it is currently in the process of being rezoned to increase construction height on the site from 40 feet to 65 feet.
“Located in the heart of an urban neighborhood connecting dense residential communities with the rapidly expanding business district, this property offers a unique opportunity to acquire a full city block, with incredible development potential in the fastest growing city in the country,” said Rosauer.
For more information on MidTown Center, visit seattlemidtown.com.