Marcus & Millichap Brokers Sale Of 5,178 Square Foot Land Parcel In Seattle For $1.8M

A 5,178-square-foot land parcel located at 849 Northwest Market Street in the Seattle, WA market was sold for $1.8 million. This site is fully entitled for a 35-unit multifamily development, reflecting its potential for future growth and investment.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $1,800,000
• Units: 35
• Price Per Unit: $51,429
• Square Footage: 5,178
• Price Per Square Foot: $348

The sale was brokered by a team from Marcus & Millichap, which included Jake Morse, Ryan Dinus, and Sidney Warsinske, representing the interests involved in the transaction.