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Listed by:Green Path Real Estate • Balwant S. Aulck
$ 594,000
Est. payment /mo
Active
10616 8 AVE S Seattle, WA 98168
0.45 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Glen Acres
MLS Listing ID 2501134
Style 40 - Res-Less thn 1 Ac
Lot Size 0.448 Acres
Property Sub-Type Land
Property Description
A building permit has been issued, OWNER FINANCING. allowing immediate commencement of construction. Additionally, owner financing is available. This property offers multiple development pathways, supported by recent regulatory changes and strong long-term upside: Option 1: Short Plat Development (3 Lots) A 3-lot short plat application has been submitted to King County. The buyer may proceed with constructing a residence on the proposed Lot 1 while the short plat approval process is underway. This approach allows for efficient use of time and capital, enabling phased development and future lot disposition or build-out upon approval. Option 2: Build Without Short Plat – Utilize Updated Zoning Density Alternatively, the buyer may elect to construct a single residence without pursuing the short plat. King County has recently updated its Comprehensive Plan and zoning regulations to comply with state-mandated housing requirements. Given that the subject property is located within one-half (½) mile of a frequent transit stop (S 112th Street), it may qualify for increased residential density allowances. This creates the potential for additional units per acre under current zoning provisions All development scenarios, density allowances, and regulatory interpretations are subject to verification by the buyer.This is a rare opportunity to secure a permit-ready project with flexible financing
Location
State WA
County King
Area 130 - Burien/Normandy Park
Interior
Fireplace false
Exterior
Utilities Available Electricity Available
View Y/N No
Building
Sewer Available
Water Available
Schools
School District Highline
Others
Senior Community No
Acceptable Financing Owner Will Carry, Rehab Loan, See Remarks
Listing Terms Owner Will Carry, Rehab Loan, See Remarks
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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