8521 Roosevelt Way NE

Seattle, WA 98115

MAJOR PRICE REDUCTION—PRIME DEVELOPMENT OPPORTUNITY! Rare 10,015 SF corner lot in highly sought-after Maple Leaf, offering a strategic opportunity for ground-up development or future repositioning. Zoned NC2P-55(M), this high-potential site is ideally suited for mid-rise mixed-use, with preliminary feasibility indicating a 5–6 story project with approximately 50–60 residential units above ground-floor commercial, or an alternative 12–14 townhome configuration (buyer to verify all development capacity and feasibility). Positioned near one of Seattle’s highest elevation points and directly across from Maple Leaf Park, it will offer expansive territorial, city, Bellevue, and Lake Washington views depending on final design. Existing improvements include a 4,944 SF structure and approximately 5,000 SF of secured, fenced parking, creating valuable holding flexibility. Ideal for developers and investors seeking scale, visibility, and a premier Seattle location. Seller may consider financing with substantial down payment.

Courtesy of NWMLS
Listing courtesy of Grecia Thomas of Real Property Associates



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Last checked: 2026-06-08 05:38 AM PDT