5029 46th Avenue SW in Seattle

Development Opportunity in the Heart of West Seattle! Exceptional chance to unlock value on this generously sized parcel in a sought-after residential location. The property is improved with an approximately 500 sq. ft. home strategically positioned adjacent to the alley, creating a unique opportunity to retain the existing structure while exploring future development potential, subject to buyer verification and applicable regulations. Investors, builders, and developers will appreciate the flexibility this layout may offer for maximizing site utility and redevelopment options. Surrounded by established neighborhoods, parks, amenities, and convenient access to Alaska Junction, Lincoln Park, downtown Seattle, and major transportation routes, this property benefits from strong housing demand and ongoing neighborhood investment. The existing home may provide interim occupancy, rental income, guest quarters, or other possibilities while future plans are evaluated. Buyers are encouraged to conduct their own feasibility studies regarding zoning, lot configuration, utilities, permitting requirements, and development potential. Rare opportunity to secure a well-located parcel with upside potential in one of Seattle's most desirable neighborhoods. Whether seeking a land-bank investment, custom home site, cottage-style infill strategy, or redevelopment project, this property offers an attractive combination of location, flexibility, and future possibilities. Property sold as-is.

This listing is provided courtesy of NWMLS.
Listing Broker: John L. Scott, Inc; Paul F. Mackay Jr.

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