Overview

Highlights

• Waterfront property
• Seller Financing available

Description

SVN Whitecap is pleased to be the exclusive listing broker for 7810 East Green Lake Drive N. The subject property features a 4,277 square foot corner lot (per King County records), zoned LR3 on the Green Lake’s coveted waterfront. With an existing FAR of 2.0 and proposed MHA FAR of 2.2 the property has the potential for a 5-unit apartment development, buyer to verify. Development possibilities include an owner/user penthouse with income generating units below or an investment property. Seller financing opportunities available.

The property is currently improved with a 480 square foot commercial space, housing Chocolati Café (whose lease runs through October of 2019), and three apartment units leased on month-to-month terms. The apartment unit mix is one 2-bedroom unit featuring a waterfront facing deck and two 1-bedroom units. All units include washer/dryers and the owner renovated one of the 1 bedrooms with new stainless-steel appliances in the kitchen, new tile in the bathroom as well as new paint & surface finishes throughout. The other 1-bedroom received a light remodel in 2014.

Location

The property is located in Green Lake, a residential Seattle neighborhood centered around its namesake lake. Green Lake Park is a recreational draw for many Seattleites, featuring a paved perimeter trail, play fields, swimming beaches, boat launches and greenspaces. The property is situated on Green Lake Drive which provides for waterfront views and park access. It is also steps from popular North Green Lake restaurants and bars, including Duke’s, Green Lake Ale House, Urban Bakery and Mio Sushi. Within a half mile you have PCC Market and additional retail services on Aurora Ave.

For employment, the property is ideally located half a mile between both Interstate 5 and Highway 99 on ramps providing commuting options to both Downtown Seattle and South Lake Union. Additionally, the University of Washington Campus is 10 minutes from the subject.

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