10400 10504 Lake City Way Ne, Seattle, Washington 98125

WA, Seattle
$2,750,000
  • 1.01 Acre
  • Land Property Type
  • Active Status
Property Description

This exceptional Meadowbrook Development Site comprises three parcels on the east side of Lake City Way NE, totaling approximately 43,957 square feet, zoned NC3-55 (M). NC3-55 (M) zoning delivers outstanding development flexibility with a 55-foot height limit (enabling efficient 5-story mixed-use structures) and 3.75 base FAR (~164,839 sq ft allowable) (Buyer to Verify), positioning the site for significant value creation through townhomes, rowhouses, apartments, ground-floor retail/commercial, or storage facility, construction yard, and many other uses. This highly visible, high-traffic corner location commands strong exposure along a major arterial, while also immediately adjacent to Meadowbrook Playfield and Community Center—prime recreational amenities that drive residential demand . Preliminary analysis supports ~40 townhomes with covered parking or 200+ multifamily units in a mixed-use format. Sweeping eastern views over the playfield, Lake Washington, and the Cascade Mountains provide a rare competitive edge, enhancing marketability and resident appeal in one of North Seattle’s most desirable neighborhoods. Proximity to operational Northgate light rail, I-5, and everyday conveniences further solidify long-term investment potential and absorption strength

Source: NWMLS
Basic Details
  • Property Type: Land
  • Listing Type: For Sale
  • Listing ID: 2508862
  • Price: $2,750,000
  • Lot Area: 1.01 Acre
  • Status: Active
  • Office Name: Westlake Associates, Inc.
  • Agent Name: David W Petersen
  • Property Sub Type: Land
Features
  • Sewer In Street
  • Utilities Electricity Available, Natural Gas Available
Address Map
  • Country US
  • State WA
  • County King
  • City Seattle
  • Zipcode 98125
  • Street: Lake City
  • Street Number: 10400 10504
  • Street Suffix: Way
  • Longitude: W123° 41' 55.9''
  • Latitude: N47° 42' 15.5''
  • Directions: Heading on I-5 N, take exit 171 for WA-522 E/Lake City Way NE. Pass by the 7-Elevn on the right in 0.7 miles. Site will be on the right.
  • Mls Area Major: 710 - North Seattle
  • Street Dir Suffix: NE
Neighborhood
  • High School District: Seattle
Additional Information
  • Water Source: In Street
  • Possible Use: Commercial,Multi-Family
  • On Market Date: 2026-04-16
  • Lot Features: Paved, Curbs, Sidewalk
Listing Information
  • Co List Agent Full Name: Chad Michael Martini
  • Co List Agent Mls Id: 102826
  • Co List Office Mls Id: 7019
  • Co List Office Name: Westlake Associates, Inc.
  • List Agent Mls Id: 58692
  • List Office Mls Id: 7019
  • Listing Term: Cash,Conventional
  • Mls Status: Active
  • Modification Timestamp: 2026-04-16T19:53:16Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2026-04-16T18:58:04Z
Rene  Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211

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