1403 E Alder Street in Seattle

Prime Central District Development Opportunity! Approximately 4,089 SF corner lot (84' x 49') zoned LR1, offering strong development potential for townhouse-style or multi-unit development, subject to buyer verification. The existing structure is likely a teardown - offered strictly as-is, with the primary value centered on the land and its development potential. Alternatively, buyers may consider a down-to-the-studs remodel and rebuild to create a 1 story with basement custom home tailored to their vision. Located in a desirable and rapidly evolving neighborhood surrounded by new construction and residential growth, the property offers convenient access to major industry, commuter routes, shopping, dining, parks, and the many amenities of Seattle's Central District. An exceptional opportunity for builders, developers, and investors to create value in one of Seattle’s high-demand areas. Bring your vision—opportunities like this are increasingly rare. Buyer to independently verify zoning, land use, permitting requirements, feasibility, and all development potential with the City of Seattle.

This listing is provided courtesy of NWMLS.
Listing Broker: Windermere Real Estate Co.; Meghan Nicole Waddle, 509-391-5238, meghan.waddle@windermere.com.

Show property location on a map

I want to see this property

Remove listing bookmark

Virtual Tour of this Property

Notify me of similar listings

Mortgage Payment Calculator

Find listings near this property

Home Details

Home

Schools

Surroundings

Financials

Similar Nearby Homes

0.1 miles away

1216 Fir
Seattle
2 bd, 1.5 ba - $519,950

1.1 miles away

1539 14th
Seattle
2 bd, 0.75 ba - $450,000

1.3 miles away

1916 18th
Seattle
2 bd, 0.75 ba - $539,000

1.4 miles away

1735 28th
Seattle
3 bd, 1.5 ba - $519,000