Properties for Sale

Eastlake Development Site

Eastlake Development Site
2621 Eastlake Ave E, Seattle, WA

Foundation Group is pleased to offer the Eastlake Ave E Development Site for exclusive sale. The offering consists of a shovel-ready 54-unit SEDU project in the heart of one of Seattle’s most desirable neighborhoods. The project is perfect for a builder looking to break ground right away for this class A location and modern design. New construction SEDU projects are a highly coveted assets with most units leasing for upwards of $5/net rentable square foot. Back-end sales data supports some of the highest sales metrics for apartments in the industry making this a great design-to-sell project or long term investment. Currently the property has a 3,846SqFt office space that has been historically a real estate office and management business. Perfect for an owner-occupant or subdividable office space. The structure is three levels with alley access to highly coveted exclusive parking. The lower level has private access with a full bathroom. The street and upper levels boast a conference room with private executive office suites as well as a kitchenette, bathroom including a shower, and office frontage directly on Eastlake Ave E. Main and upper levels have private decks with views of Lake Union and Gas Works Park. A great office investment for a growing business or shared executive office collective. Office space like this doesn’t come along very often in the heart of Eastlake.

• Fully Permitted Site
• MUP is approved and issued
• Demo permit is approved and issued
• Water Meter is paid and ordered
• Building permit is imminent


Listing Agents

Aaron Locke
P: 206.774.5436
E: Email Aaron

Ethan Szmania
P: 206.774.5419
E: Email Isaac

Seattle Commercial Real Estate Brokerage With a Difference!