$1,500,000
ActiveListing provided by Ed Sarausad, Keller Williams Rlty Bellevue
0
DOM
About this property.
Freestanding commercial building on S. Jackson Street in Seattle’s Central District — one of the most actively developing corridors in the Pacific Northwest. 2,480 SF Class C storefront on 3,484 SF NC2-40 parcel with 45-ft street frontage. Built 1912. Current FAR 0.71 — over 75% of permitted FAR untapped. Permitted FAR increases to 3.0+ under pending Centers & Corridors upzone legislation (One Seattle Plan, council vote anticipated July 2026), with anticipated rezoning from NC2-40 to NC2-55 or NC2-65. At post-upzone FAR, the 3,484 SF lot supports approximately 10,452 SF of buildable floor area — roughly 4x the existing building. Active restaurant occupies the building, providing income to offset carry during the 18–36 month permit and entitlement window. No new ground-up construction on this block since 2018 — a supply gap on a corridor that has seen $97.7M in permitted construction since 2020. 2,701 net new residential units added in the 98144 zip since 2020 across 77 projects. 575 units currently under active construction in 98144. One block from a 532-unit institutional mixed-use project delivered 2025. Frequent-transit corridor — parking minimums eliminated under current code. Assessed land value $630,000 (2025 King County). Motivated seller exiting to pursue other business interests — priced at current NC2-40 land value. Upzone optionality included at no premium. Real estate offered separately from going-concern business. Buyer to verify all zoning. View by Appt only.
Property details.
Features.
Exterior
Flooring
Agent information.
Schedule a Showing
Pick a day and time, and Austin will follow up to confirm.
By continuing, you consent to be contacted by Welcome to Whatcom and John L. Scott - Bellingham about this showing via call, text, or email.
Listed by: Ed Sarausad, Keller Williams Rlty Bellevue
Courtesy of Keller Williams Rlty Bellevue
Source: NWMLS, MLS#: 2533213
Listing data deemed reliable but not guaranteed. Based on information submitted to the MLS GRID as of 06/02/2026, 16:00:24 PST. 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. Provided by NWMLS as distributed by MLS Grid.
IDX information is provided exclusively for consumers' personal, noncommercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID.
Any use or search of data on this website, other than by a consumer looking to purchase real estate, is prohibited.
Listed by Ed Sarausad, Keller Williams Rlty Bellevue
$1,500,000
Active2506 S JACKSON Street , Seattle, WA 98144
0.08
Lot Acres
1912
Year Built
0
Days on Market
About This Property
Freestanding commercial building on S. Jackson Street in Seattle’s Central District — one of the most actively developing corridors in the Pacific Northwest. 2,480 SF Class C storefront on 3,484 SF NC2-40 parcel with 45-ft street frontage. Built 1912. Current FAR 0.71 — over 75% of permitted FAR untapped. Permitted FAR increases to 3.0+ under pending Centers & Corridors upzone legislation (One Seattle Plan, council vote anticipated July 2026), with anticipated rezoning from NC2-40 to NC2-55 or NC2-65. At post-upzone FAR, the 3,484 SF lot supports approximately 10,452 SF of buildable floor area — roughly 4x the existing building. Active restaurant occupies the building, providing income to offset carry during the 18–36 month permit and entitlement window. No new ground-up construction on this block since 2018 — a supply gap on a corridor that has seen $97.7M in permitted construction since 2020. 2,701 net new residential units added in the 98144 zip since 2020 across 77 projects. 575 units currently under active construction in 98144. One block from a 532-unit institutional mixed-use project delivered 2025. Frequent-transit corridor — parking minimums eliminated under current code. Assessed land value $630,000 (2025 King County). Motivated seller exiting to pursue other business interests — priced at current NC2-40 land value. Upzone optionality included at no premium. Real estate offered separately from going-concern business. Buyer to verify all zoning. View by Appt only.
Property Details
Features
Exterior
Flooring
Agent Information
Schedule a Showing
Pick a day and time, and Austin will follow up to confirm.
By continuing, you consent to be contacted by Welcome to Whatcom and John L. Scott - Bellingham about this showing via call, text, or email.
Listed by: Ed Sarausad, Keller Williams Rlty Bellevue
Courtesy of Keller Williams Rlty Bellevue
Source: NWMLS, MLS#: 2533213
Listing data deemed reliable but not guaranteed. Based on information submitted to the MLS GRID as of 06/02/2026, 16:00:24 PST. 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. Provided by NWMLS as distributed by MLS Grid.
IDX information is provided exclusively for consumers' personal, noncommercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID.
Any use or search of data on this website, other than by a consumer looking to purchase real estate, is prohibited.