Offering Memorandum


QUEEN ANNE

3811 13th Ave W

Seattle, WA 98119

 

Exclusively offered by The Carrington Durr Group of John L. Scott

 

Offering Summary


Queen Anne 6-unit with territorial views of the ship canal & Ballard Bridge. Rents are way below market for this mid-century investment property. Individual walk up entrances, 3 off street parking, 3 garages & alley access. The unit mix consists of two 2-bedroom units & four 1-bedroom units & 4 has decks. Common area laundry. This is a solid current investment w/6,000 SF lot zoned LR3 RC offering huge development potential.

 
Name Queen Anne
Address 3811 13th Ave W
Parcel ID 2770604850
Lot Size 6,000 Sq. Ft
Zoning LR3
Price $2,275,000
Total Current Units 6 Units
Current Use Apartment
 

Neighborhood Map


 

Transportation Corridors for Bus, Biking and Cars


 

  • 15th Ave NW

  • Highway 99

  • I-5

  • Nickerson to Dexter or Westlake
 

Employment Outlook


The Seattle metro area is currently characterized by positive job growth, with a 2.9% gain in employment, which represents an increase of 43,000 new jobs. Downtown Seattle ranks 12th among the 231 major employment markets in the U.S. for job density, and that ranking is expected to rise. In February 2015, the unemployment rate in Seattle, hit the “ideal” rate of 4.4%. Economists consider anything under 5% full employment. Employment at software publishers is up 4 percent from a year ago, edging out a 3.4 percent gain at hospitals. A main beneficiary is the retail sector, with year-over-year job growth of 5 percent. In South Lake Union, Amazon’s new 3.3 million square foot headquarters is currently under construction. The project is estimated to bring an additional 23,000 Amazon employees to the area, bringing Amazon’s total employment near 50,000. Amazon is expected to occupy a total of 10 million square feet of office space by 2019. Other top area employers include F5 Networks, Zulily and the Bill and Melinda Gates Foundation which are all centrally located in the CBD.

 

Employment


Greater Seattle excels at the industries of the future – the region is a center of innovation and features some of the world’s top global brands. Our aerospace industry is one of the largest in the world, home to Boeing Commercial Airplanes and over 800 aerospace firms that employ 17% of all aerospace workers in the United States. Greater Seattle is also a leading center for information and communications technology, bolstered by industry pioneers such as Microsoft and Amazon. As a result, our region has emerged as a world leader in cloud computing and data visualization, and ranks 4th as a global startup hub ahead of New York and Boston.

  • > Adobe
  • > Alaska Airlines
  • > Amazon
  • > Apple
  • > AT&T Wireless
  • > Boeing
  • > Costco
  • > Expedia, Inc.
  • > Expeditors International
  • > F5 Networks
  • > Facebook
  • > Fred Hutchinson
  • > Gates Foundation
  • > Getty Images
  • > Google
  • > Microsoft
  • > Nintendo
  • > Nordstrom
  • > Paccar
  • > Real Networks
  • > REI
  • > Russell Investments
  • > SpaceX
  • > Starbucks
  • > Symetra Financial
  • > Tableau Software
  • > T-Mobile
  • > Twitter
  • > Uber
  • > University of Washington
  • > Virginia Mason
  • > Weyerhaeuser
  • > Zillow
  • > Zulily
 

Wendy Carrington

(206) 948.3852 | wlc@johnlscott.com | WendyCarrington.com

901 Fairview Ave N | Suite 120 | Seattle, WA 98109