5907 Martin Luther King Jr Way South

Seattle, WA 98118

$12,000,000
Price
81,544 / 1.87
Lot Size / Acres

Description

The Owner is selling ~81,544 SF of land (a portion of parcel #2224049028), including a 10,400 SF office building completed in 2015. The parcel is zoned NC2-75 (M). The Owner seeks to retain approximately 16,000 land SF of the westernmost portion of the current 97,544 SF parcel, including the westernmost building (outlined in yellow in most of the attached graphics). NC2-75 (M) zoning allows various commercial and residential uses. Residential multifamily or townhomes are likely the highest and best...The Owner is selling ~81,544 SF of land (a portion of parcel #2224049028), including a 10,400 SF office building completed in 2015. The parcel is zoned NC2-75 (M). The Owner seeks to retain approximately 16,000 land SF of the westernmost portion of the current 97,544 SF parcel, including the westernmost building (outlined in yellow in most of the attached graphics). NC2-75 (M) zoning allows various commercial and residential uses. Residential multifamily or townhomes are likely the highest and best use. Preliminary yield studies indicate that the Site could accommodate 295 multifamily units or 57 townhomes utilizing all for-sale land.
  1. Listed by Chris Fiori • Heartland LLC

Property Details for 5907 Martin Luther King Jr Way South

Community Name
Hillman City
School District
Seattle
Offers Review Date
09-12-2023
Entry Date
08-21-2023
Sewer
On Property

Location

Listing Courtesy of Heartland LLC
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LISTING UPDATED: 02/15/2024 12:16 PM

Property Details for 5907 Martin Luther King Jr Way South

StatusActive
MLS #2153442
Days on Market255
Cumulative Days on Market290
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size1.87 AC
CountyKing County

Location

Listing Courtesy of Heartland LLC
Add your commute

Building Information for 5907 Martin Luther King Jr Way South

Lot Size1.87 AC

Payment Calculator

$67,003 per month

30 year fixed, 7.25% Interest

Principal and Interest

$65,489

Property Taxes

$1,514

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5907 Martin Luther King Jr Way South

Summary
Location and General Information
  • Style: 42 - Multi-Family
  • Area: 380 - Southeast Seattle
  • Directions: On MLK Jr Way S
  • Property Sub Type: VACL
  • Road Information: Paved
  • View: No
  • Waterfront: No
Parking
  • Carport: No
Interior and Exterior Features
Interior Features
  • Cooling: No
  • Fireplace: No
  • Heating: No
  • FIRPTA: No
Exterior Features
  • Road Surface Type: Paved
Property
Utilities
  • Electricity: On Property
  • Electric On Property: Yes
  • Gas Available: Not Available
  • Water Source: Available, On Property
  • Utilities: Electricity Connected
Property and Assessments
  • Zoning Jurisdiction: City
  • Zoning Class: See Remarks
  • Zoning Remarks: NC2-75 (M)
  • Restrictions: Unknown
  • Possible Use: See Remarks
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 2
Lot Information
  • Lot Size Source: See OM
  • Parcel Number Free Text: 2224049028
  • Calculated Square Footage: 0
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 0.0
  • Building Area Units: Square Feet
  • Property Type: Land
  • Elevation Units: Feet
  • Irrigation Water Rights: No

Property History for 5907 Martin Luther King Jr Way South

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5907 Martin Luther King Jr Way South

Taxable ValueLand$16,396,300Additions$1,000Total$16,397,300
Tax Record2022$18,168 ($1,514 / month)
Home Facts
Total Finished SqFt10,453 SqFtAbove Ground SqFt10,453 SqFtStories1Lot Size96,449 SqFtStyleOffice BuildingYear Built1970Year Renovated2000ZoningNC2-75 (M)CountyKINGAPN222404-9028

Schools near 5907 Martin Luther King Jr Way South

This home is within Seattle Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Dearborn Park Elementary School
PublicPK to 5

Mercer Middle School
Public6 to 8

Franklin High School
Public9 to 12

Interagency Programs
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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5907 Martin Luther King Jr Way South is a 1.87 ac of land for sale in Seattle, WA 98118. This property was listed for sale on August 21, 2023 by Heartland LLC, it's currently listed at $12,000,000. It has been on the market for a total of 255 days and was last sold on August 12, 2014. This listing's school district is Seattle Public Schools. Nearby schools include Dearborn Park Elementary School, Mercer Middle School and Franklin High School. 5907 Martin Luther King Jr Way South is a 0-bed, 0-bath, 1.87 ac of land on a 81,544 sq. ft. / 1.87 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Heartland LLC

Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.