Multi Family development opportunity with MHA LR3 + SM-RB 85 zoning in a HALA opportunity zone. Project is in pre planning phase. City has confirmed one single building can be constructed with 2 heights. Schematic is drawn at a FAR ratio of 1.5 with up to 40 residential units and retail or office space on the main floor. Rent the existing structure while design takes place! M2M tenant currently. The 14,555 sf lot borders two main thoroughfares and zoning supports a Residential Tower. At 55 - 85 feet high, there are views of downtown Seattle and Lake Washington. This parcel sits a block away from the Link light rail, parks and amenities. Be a part of the revitalization of the city! Seller financing up to 50% with favorable terms.