Property in Unknown, XX - land in Seattle, WA
Land

Property in Unknown, XX

505 Harrison Street, Seattle, WA 98109

Price

Price on request

Price/Sq Ft

$1.15

Description

Development Opportunity Near Climate Pledge Arena Lot Size: 0.16 Acres | 6,780 SF Address: 505 Harrison Street, Seattle, WA 98109 Parcel No.: 199120-0400 Cross Streets: 5th Avenue and Harrison Street Zoning: SM-UP 160 (M) CBRE is pleased to offer, on an exclusive basis, the unique opportunity to acquire the land site at 505 Harrison Street, Seattle, WA 98109. The 6,780 SF site presents an excellent opportunity for development of a hotel or multifamily project. The zoning is designated as Mixed Use-Uptown, and zoning allows for 160-foot development. The site is currently a vacant lot, and neighboring lots operate as surface lots for short-term parking.

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

505 Harrison Street, Seattle, WA 98109

Marker
Leaflet © OpenStreetMap contributors

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.

Financing Assumptions

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Market Employment Trend

YoY Growth:-0.3%
Avg Weekly Wage:$1,992

December 2025 • Source: BLS QCEW

Economic Indicators

30-Yr Mortgage:6.47%
CPI Inflation (YoY):4.2%

Source: FRED

Market Demographics

Census ACS 2024
Population2,287,171
Median Income$125k↑ 67%
College Educated50.2%↑ 16.8pp
Median Age37.4 yrs
Median Home Value$860k
Unemployment4.8%↑ 1.2pp

2024 American Community Survey 5-Year Estimates •Released annually by U.S. Census Bureau

Assumptions
  • Interest rate: 6.47% (FRED live)
  • Loan term: 25 years
  • Down payment: 25.0%
  • Market comparison: land in Seattle, WA

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