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Listed by: Ben Douglas (206) 658-7247 , Michael Urquhart (206) 812-9123 | Paragon Real Estate Advisors (206) 623-8880
$3,400,000
Monthly Est:$16,923
-- Bed
-- Bath
12,810sqft lot
5305 15th Avenue NW, Seattle, WA 98107
$3,400,000
$16,923/moEst:
Get Pre-Approved
Land
Built in -
$-- HOA
12,810 sqft lot
$265/sq.ft
Description
The Ballard Development Site, a 12,810 square foot corner parcel at 5305 15th Ave NW in Seattle’s Ballard neighborhood. The site sits at the northwest corner of 15th Ave NW and NW 53rd St, one block south of NW Market St, with approximately 100 feet of frontage on 15th Ave NW and 128 feet on NW 53rd St. It is improved with a vacant 2,567 square foot restaurant building constructed in 1971. The property is zoned C1-75 (M), which permits apartments, mixed use, retail, office, live and work, and a range of commercial uses up to a 75 foot height limit. At a 5.5 FAR, the zoning supports approximately 70,455 square feet of floor area. The site is located within the Ballard Regional Center and the Medium MHA fee area. The lot is operated by Diamond Parking under a month to month revenue sharing agreement that generates monthly income to ownership. The parking income offsets a portion of the carry while a buyer completes design and permitting, and the month to month term allows the site to be cleared for construction with no lease to buy out. No design, permitting, or pre submittal work has been started. The seller has not researched the zoning or completed any feasibility work, and a buyer is to confirm floor area, unit count, MHA obligations, and all development assumptions with the Seattle Department of Construction and Inspections.
- Houzeo last checked: 12 hours ago
- Listing updated: October 1, 2026 at 8:54 pm
- Source: Northwest Multiple Listing Service | MLS#: NWM2589501
Property Details
Status
Active
Type
Land
No. of Stories
-
County
City
Neighborhood
Year Built
-
HOA Fees
-
Finished Area
- sqft
Lot Size
12,810 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2589501
MLS Status
Active
Days on Market
2
Cumulative Days on Market
1
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Interior
Sewer
Available
Utilities & Energy
Water Source
Available
Utilities
Electricity Available, Natural Gas Available
Other Features
Subdivision Name
Ballard
Price History
| Date | Event | Price |
|---|---|---|
10/01/2026 Source: | Listed for Sale | $3,400,000 $0/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 02, 2026, 09:01AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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