11415 Des Moines Memorial Dr Burien WA 98168
$485,000 Pending Feasibility (12 Days Online)
Pending Feasibility since January 17, 2022
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The seller has reached an agreement with a buyer to sell this property. If things go as planned, the sale will become final in the near future. The buyer and seller have agreed on a price but it's not public until the sale closes and ownership of of 11415 Des Moines Memorial Dr Burien WA 98168 is transferred. The last published list price was $485,000.
Rare investment/development opportunity in business-friendly Burien. One of two large adjacent platted lots, each 26,000 SF, with a combined area of 52,325 SF (1.2 acres), flat topography and CC-2 zoning, in an SBA HUBZone, on historic Des Moines Memorial Drive in Boulevard Park, 15 minutes from downtown Seattle. Lots are offered individually or combined into a single property. Lucrative potential for light manufacturing, multifamily or mixed-use development in an appreciating submarket; feasibility studies included for a townhome or apartment complex. Burien’s new Housing Action Plan specifically targets Boulevard Park for accelerated growth in housing unit construction and relaxes regulations for developers of multifamily properties.
Offer Review Plan
Will review an offer when submitted
NWMLS Listing #
1877452
Listed by
Edward Krigsman, Windermere Real Estate Co.
Contact
TPG Realty - KW
Phone...
Listing Details
  • Status
    Pending Feasibility
  • Last Listed Price
    $485,000
  • Original Price
    Same as current
  • List Date
    January 11, 2022
  • Last Update
    January 17, 2022
  • Days on Market
    12 Days
  • Cumulative DOM
    12 Days
  • Pending Date
    January 17, 2022
  • Days to go Pending
    7
  • $/sqft (Total)
    --
  • $/sqft (Finished)
    /sqft
  • Listing Source
  • MLS Number
    1877452
  • Listing Broker
    Edward Krigsman
  • Listing Office
    Windermere Real Estate Co.
Monthly Payment Estimate
  • TOTAL
    $2,184 / month

  • Principal and Interest
    $1,636 / month
  • Property Taxes
    $471 / month
  • Homeowners Insurance
    $77 / month

  • based on 20% down
    ($97,000)
  • and a
    3% Interest Rate
Property Details
  • Sqft (Total)
    0 sqft
  • Sqft (Finished)
    Unspecified
  • Sqft (Unfinished)
    None
  • Property Type
    Parcel
  • Sub Type
    Res-Less than 1 Acre
  • Bedrooms
    0 Bedrooms
  • Bathrooms
    0 Bathrooms
  • Lot Size
    26,110 sqft
  • Lot Size Source
    public records
  • Lot #
    Unspecified
  • Project
    Unspecified
  • Total Stories
    Unspecified
  • Sqft Source
    Unspecified
Property Tax Info
  • 2021 Property Taxes
    $5,655 / year
  • Senior Exemption
    No
Parcel
Schools
  • School District
    Highline
  • Elementary
    Beverly Park ElemAt
  • Middle
    Sylvester Mid
  • High School
    Highline High
HOA
  • HOA Dues
    Unspecified
  • HOA Dues Include
    Unspecified
  • HOA Contact
    Unspecified
  • Management Contact
Parking
  • Covered
    Unspecified
Views
  • City
    See Remarks
    Territorial
Construction
  • Home Builder
    Unspecified
Interior
Property
  • Lot Features
    Curbs
    Paved
    Sidewalk
  • Lot Topo
    Level
    SeeRemarks
    Sloped
  • Property Features
    Curbs
    Paved
    Sidewalk
Appliances
Terms
  • 3rd Party Approval Required)
    No
  • Bank Owned (REO)
    No
  • Complex FHA Availability
    Unspecified
  • Potential Terms
    Cash Out
Utilities
  • Electricity
    In Street
  • Natural Gas
    In Street
  • Sewer
    In Street
Additional Info
  • Zoning Type
    Commercial
    Multi-Family
    Office
    Retail
    See Remarks
    CC-2
  • Waterfront
    No
  • Air Conditioning (A/C)
    No
  • MLS Area #
    Area 130
  • Landcast ID
    5016406
Listing information is provided by the listing agent except as follows: BuilderB indicates that our system has grouped this listing under a home builder name that doesn't match the name provided by the listing broker. DevelopmentD indicates that our system has grouped this listing under a development name that doesn't match the name provided by the listing broker.