Vacant lots provide unlimited opportunities to investors and developers. Teletare is one of the leading providers of land for sale in Seattle, making us a great partner for anyone looking at this type of investment. Our team of experienced commercial real estate brokers can help you find the perfect lot for your next project.
Seattle has one of the strongest real estate markets in the country, thanks to its top-ranked education, good cost of living, and great healthcare. On top of all of this, it’s also home to a number of large employers, including Amazon, Microsoft, and Starbucks.
Here’s everything you need to know about vacant land for sale in Seattle.
Before you finalize the purchase of any piece of land you need to determine what it’s zoned for. Some lots are zoned for residential housing, while others are zoned for specific types of commercial businesses.
Here are the different types of land zoning in Seattle:
When looking at any lots for sale in Seattle there are few additional things you’ll need to consider. Every property has a floor area ratio (FAR) it must adhere to. This is referred to the size of the floor area of a given structure in relation to the land it sits on. There will also be restrictions on how tall any buildings can be on the property.
Overall, every Seattle lot will have its own set of restrictions and permitted uses. In order to be absolutely sure what kind of development a piece of land is eligible for we recommend speaking to city officials.
For any piece of land in Seattle for sale, there are a number of factors you’ll need to consider to ensure you choose the right property. If anything is overlooked it could cause problems down the road and prevent you from maximizing your investment.
The first step is to hire a commercial real estate broker. In addition to helping you find vacant commercial lots, they can assist you with valuing the property, and negotiating a final sale price. They can also coordinate environmental inspections, which will help you determine if there is any soil or groundwater contamination.
You should also hire an architect. These professionals can help you assess a piece of land and let you know whether it will be able to accommodate the type of development you have planned.
Here are a few other things to consider when purchasing commercial land for sale in Seattle:
As with any city, Seattle has a number of different areas and neighborhoods that all have their own demographics and unique personality. So, you’ll want to choose a location that suits the type of development you’re planning.
Here are a few areas to consider when looking at land for sale in Seattle, Washington:
Are you looking for the right piece of land for your next development project? Our team can help you find a lot that meets all of your needs.