Listing courtesy of TS Property Management.
VALUE-ADD / REDEVELOPMENT OPPORTUNITY in Northgate/Maple Leaf! Two contiguous properties at 10606 & 10616 Roosevelt Way NE, available separately at $749,500 each or together for $1,499,000. Purchase one or acquire both for approximately 12,301 SF of combined land and expanded redevelopment potential. The properties are located within an area identified for proposed zoning changes under Seattle’s One Seattle Plan, with potential transition from NR to LR3, creating the possibility for greater future density and larger-scale redevelopment if approved. Existing improvements provide holding/rental potential while buyers evaluate future development opportunities. Excellent location near Northgate Light Rail, I-5, shopping, dining, and major neighborhood amenities. Hold today with potential for significantly greater redevelopment opportunity in the future. Buyer to independently verify current zoning, proposed zoning changes, development capacity, and permitted uses.
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