ROOSEVELT
STATION
DEVELOPMENT OPPORTUNITY
WESTLAKE ASSOCIATES | 2
Table of Contents
03
EXECUTIVE SUMMARY
04
LOCATION
07
ZONING
08
LIGHT RAIL
09
DEMOGRAPHICS
12
BROKER CONTACT
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage, age, and numbers are approximate.
Parties must verify the information and bear all risk for any inaccuracies.
FOR SALE
830 NE 67th Street | Seattle, WA 98115
ROOSEVELT STATION DEVELOPMENT OPPORTUNITY
EXECUTIVE SUMMARY
830 NE 67TH ST
OFFERING SUMMARY PROPERTY HIGHLIGHTS SALE PRICE $1,750,000
LOT SIZE 4,635 SF 0.10 AC PRICE / SF $377.56
ZONING MR
MARKET North Seattle SUBMARKET Roosevelt
• Located in Roosevelt Urban Village
• Walk Score: 91 -- Walker’s Paradise
• Light Rail adjacent, opening 2021
• MR Zoning ideal for maximizing buildable area
• No parking requirement
FOR SALE
830 NE 67th Street | Seattle, WA 98115
ROOSEVELT STATION DEVELOPMENT OPPORTUNITY
MAT QUACKENBUSH P: 206.505.9417
quack@westlakeassociates.com
FOR MORE INFORMATION: 4
NORTHEAST AERIAL
830 NE 67TH ST
ROOSEVELT ROOSEVELT HIGH SCHOOL HIGH SCHOOL
RAVENNA RAVENNA WEDGEWOOD
WEDGEWOOD
ROOSEVELT ROOSEVELT STATION STATION
FOR SALE
830 NE 67th Street | Seattle, WA 98115
ROOSEVELT STATION DEVELOPMENT OPPORTUNITY
SOUTH AERIAL
830 NE 67TH ST UNIVERSITY DISTRICT
UNIVERSITY DISTRICT
DOWNTOWN SEATTLE DOWNTOWN SEATTLE
FOR SALE
830 NE 67th Street | Seattle, WA 98115
ROOSEVELT STATION DEVELOPMENT OPPORTUNITY
MAT QUACKENBUSH P: 206.505.9417
quack@westlakeassociates.com
FOR MORE INFORMATION: 6
LOCATION
830 NE 67TH ST NE 70TH ST
ROOSEVELT HIGH SCHOOL
ROOSEVELT LIGHT RAIL STATION
12TH AVE NE
ROOSEVELT WAY NE
WEEDIN PL NE
NE R AVENNA BL
VD
15TH AVE NE
NE 65TH ST
FOR SALE
830 NE 67th Street | Seattle, WA 98115
ROOSEVELT STATION DEVELOPMENT OPPORTUNITY
ZONING
MR
Learn more about Zoning HERE
MIDRISE RESIDENTIAL
Midrise apartment building with no density limit. The number of units depends on their size and lot size and there is no limit on lot coverage (building envelope is controlled by setbacks and structure width and depth limits). 25% of lot area is required for open space for apart- ments, or 30% if up to a third is provided in balconies or decks.
Height Limit
60 feet base, 75 feet bonus
Floor Area Ratio (FAR)
3.2 base, 4.25 bonus
Density Limits
No limit
Maximum Depth
75 percent of lot
FOR SALE
830 NE 67th Street | Seattle, WA 98115
ROOSEVELT STATION DEVELOPMENT OPPORTUNITY
8
SOUND TRANSIT LINK LIGHT RAIL EXTENSION
THE NORTHGATE LINK EXTENSION adds three new stations in Seattle, two underground (U-District and Roosevelt stations) and an elevated station at Northgate, which will feature frequent bus connections, a park-and-ride and a bicycle/pedestrian bridge to North Seattle College.
NORTHGATE
Northbound trains emerge from the Maple Leaf tunnel portal and rise to the elevated Northgate Station spanning Northeast 103rd Street. Station entrances are located on mall property near the Northgate Transit Center.
Extending north of the station the turn-back tracks mark the start of the Lynnwood Link Extension, opening in 2024.
ROOSEVELT
U-DISTRICT
Near Green Lake, Roosevelt High School, and growing residential development, this underground station is located on 12th Avenue Northeast between Northeast 65th and Northeast 67th streets. In partnership with Bellwether Housing and Mercy Housing Northwest, a daycare center and approximately 245 units of affordable family housing will be built on station property.
The U-District station, located on Brooklyn
Avenue Northeast between Northeast
45th and Northeast 43rd streets, serves
University Way Northeast (“The Ave”) retail
and businesses, nearby residents and the
west side of the University of Washington
campus. Two entrances along Brooklyn
Avenue Northeast connect passengers to
the platform, about 80 feet below ground.
FOR SALE
830 NE 67th Street | Seattle, WA 98115
ROOSEVELT STATION DEVELOPMENT OPPORTUNITY
DEMOGRAPHICS
POPULATION 1 MILE 3 MILES 5 MILES
Total Population 39,732 258,888 535,735
Median Age 33.5 34.9 37.1
Daytime Population
35,177 268,658 618,044
HH & INCOME 1 MILE 3 MILES 5 MILES
# of Households 17,774 114,428 264,351
Avg HH Income $146,643 $150,484 $150,153
% of Renters 55.3% 48.8% 53.2%
Tapestry Segments
Metro Renters Laptops & Lattes Urban Chic
Metro Renters Urban Chic Emerald City
Metro Renters Urban Chic Emerald City
BUSINESSES 1 MILE 3 MILES 5 MILES
Total Businesses 1,121 9,637 24,543
Total Employees 8,609 116,776 343,380
FOR SALE
830 NE 67th Street | Seattle, WA 98115
ROOSEVELT STATION DEVELOPMENT OPPORTUNITY
MAT QUACKENBUSH P: 206.505.9417
quack@westlakeassociates.com
FOR MORE INFORMATION: 10
SITE AMENITIES
WHAT’S NEARBY
RETAIL
Safeway Whole Foods Rising Sun Produce PCC Community Markets Mud Bay
Daiso
Bartell Drugs SERVICES
Roosevelt High School Green Lake Park Evans Pool Cowen Park
Green Lake Elementary School Seattle Public Library
FOOD & DRINKS
Armistice Coffee Roaster Brunello Ristorante Italiano Broadcast Coffee
Rain City Burgers
Portage Bay Cafe - on 65th Bus Stop Espresso & Gyros Wayward Vegan Cafe Casa Patron
India Bistro
Distant Worlds Coffeehouse
FOOD & DRINKS
The Atlantic Crossing Poke Fresh
Taco Del Mar Sunlight Cafe SouperBOL El Camion Sushi Tokyo
Triple R Brewing Alley
Benegal Tiger Cuisine of India An Nam Pho
Teddy’s Tavern One Bite Cafe Due’ Cucina Italiana The Westy
Caffe Ladro Starbucks Frelard Tamales Tsui Sushi Bar Thai Ocean Bell’s Cookie O’Ginger Bistro Retreat
Tacos Guyamas
Kitanda Espresso & Acai Dalongyu Hot Pot Eight Row Little Red Hen
0.5
MILES
Downtown Seattle
MILE
University District
MILES Green Lake
5
1
FOR SALE PUGET SOUND SUMMARY
PUGET SOUND
Set in the beautiful Pacific Northwest, the greater Seattle area is a national center for manufacturing, technology, services, international trade and tourism.
MAJOR EMPLOYERS
Today some of the world’s most recognizable Fortune 500 companies call Seattle home:
Microsoft, Starbucks, Amazon, Nordstrom, Costco and REI. Other major companies in the area include Boeing, T-Mobile. Expedia, Boeing and Nintendo of America.
According to the Puget Sound Business Journal, technology companies are leading the way in employment growth in the Seattle MSA.
As the home of Microsoft and Amazon, Seattle accounts for over 20% of the nation’s software publishing employment. Microsoft is one of the top employers in the state with over 42,000 employees. Their World Headquarters, located in Redmond is over 10 million square feet.
The Puget Sound has become an international leader in innovative industries with organizations such as the Fred Hutchinson Cancer Research Center, the University of Washington Medical Center and the Bill and Melinda Gates Foundation. Healthcare employment is projected to continue to grow dramatically and Seattle has the 5th largest biotechnology Research and Development
world’s largest aerospace company, second- largest maker of large commercial jets, and second-largest global defense contractor.
Boeing is one of the largest employers in the Puget Sound, employing approximately 80,000 in Washington.
Employment is expanding through the greater Seattle area. The Puget Sound region is projected to generate 1.2 million new jobs by 2040.
INTERNATIONAL TRADE
Seattle has remained one of the most resilient cities due to its diverse industries, making it more attractive for new companies to relocate and expand in the area. The Port of Seattle, which also operates the Seattle-Tacoma International Airport, is a major gateway to Asia and cruises to Alaska. The Port of Seattle ranks as the 6th business seaport in the US, playing a key role in bringing international trade, transportation and travel to the Pacific Northwest.
RECREATION
The region is known for its quality of life, arts, and outdoor lifestyle which helps attract an educated workforce. Numerous camping, hiking, winter sports, and recreational activities are located a short drive from the city. Seattle’s main attractions include Pike Place Market,
PUGET SOUND LARGEST EMPLOYERS
80,000
Employees
JOINT BASE LEWIS-MCCHORD
56,000
Employees
42,000
Employees
25,000
Employees
40,000
Employees
20,000
Employees
10,000
Employees
20,000
Employees
About Westlake
Since 1975, Westlake Associates, Inc. has been the premier provider of commercial real estate brokerage services in the Puget Sound Region.
Our unsurpassed commitment to creating and preserving our clients’ real estate investment wealth has resulted in thousands of successful transactions and a long history of repeat business and client referrals.
The professionals at Westlake Associates collaboratively work with clients to develop customized, creative solutions designed to maximize investment returns.
We’ve built a strong foundation of experience in Investment Property Sales, Commercial Leasing, Property Management, and comprehensive real estate services over our 40 year history.
We operate as a team and leverage each other’s resources and experience to provide the highest level of client services.
PROUD MEMBERS OF:
Commercial Brokers Association (CBA)
Northwest Multiple Listing Services (NWMLS) LoopNet National Listing Services
CoStar Commercial Real Estate Data & National Listing Commercial Investment Real Estate (CREI)
Washington State Realtors Association (WSMA) EXCLUSIVELY LISTED BY:
MATHEW QUACKENBUSH BROKER
P: 206.505.9417
quack@westlakeassociates.com
1200 Westlake Avenue N, Suite 310 Seattle, Washington 98109
©2021 WESTLAKE ASSOCIATES, INC.
DISCLAIMER: This information has been secured from sources we believe to be reliable, but we make no representa- tions or warranties, expressed or implied, as to the accuracy of the information. References to square footage, age, and numbers are approximate. Parties must verify the information and bear all risk for any inaccuracies.
