Unique investment/redevelopment opportunity in prime University District location revitalized by new light rail 2 blocks away. Striking 12000 SF mid-century mixed-use building on “the Ave” by architect Samuel Morrison comprises 18 vintage open 1BR apartments and 3500 SF boutique retail space, once home of Academy of Classical Ballet, run by Irene Larson of NY City Ballet, and of Jun Fan Gung Fu Institute, martial arts school of fighter, teacher and philosopher Bruce Lee. Recapitalize and renovate the property for cash flow in thriving sub-market with focused, high demand renter base or develop in accordance with N3P-65 (M1) zoning. Steps from new mixed-use Safeway valued at $90M & adjacent 24-story M Tower, both by LA-based Fields Holdings.
|Community:||710 - North Seattle|
|Sr High:||Lincoln High|
|Jr High:||Hamilton Mid|
Cable TV, Fenced-Partially, Gas Available, Patio, Sprinkler System
• The information contained in this listing has not been verified by Skyline Properties Inc and should be verified by the buyer
• Skyline Properties Inc does not accept comprehensive reusable tenant screening reports as defined by and pursuant to RCW 59.18.257.