The real value here is in the land and the Commercial/Mixed-Use zoning this parcel enjoys. Current zoning is within the Ericksen Avenue District. A site plan by BC&J Architecture demonstrates that 5 individual residences (condos) plus 2 commercial units will work for this site. To visualize this, just look at the Mixed-Use project that was built on the adjacent lot at 380-390 Erickson. It is almost a perfect match (+/- a few SF) to the proposed site plan. The total assessed value of that project to the south is $3,377,340. Does that value pencil out as a project for your company? This property is conveniently located, within walking distance of downtown Winslow and the Seattle ferry.
