2506 S Jackson StreetSeattle, WA 98144Price: $1,500,000

Freestanding commercial building on S. Jackson Street in Seattle's Central District - one of the most actively developing corridors in the Pacific Northwest. 2,480 SF Class C storefront on 3,484 SF NC2-40 parcel with 45-ft street frontage. Built 1912. Current FAR 0.71 - over 75% of permitted FAR untapped. Permitted FAR increases to 3.0+ under pending Centers & Corridors upzone legislation (One Seattle Plan, council vote anticipated July 2026), with anticipated rezoning from NC2-40 to NC2-55 or NC2-65. At post-upzone FAR, the 3,484 SF lot supports approximately 10,452 SF of buildable floor area - roughly 4x the existing building. Active restaurant occupies the building, providing income to offset carry during the 18-36 month permit and entitlement window. No new ground-up construction on this block since 2018 - a supply gap on a corridor that has seen $97.7M in permitted construction since 2020. 2,701 net new residential units added in the 98144 zip since 2020 across 77 projects. 575 units currently under active construction in 98144. One block from a 532-unit institutional mixed-use project delivered 2025. Frequent-transit corridor - parking minimums eliminated under current code. Assessed land value $630,000 (2025 King County). Motivated seller exiting to pursue other business interests - priced at current NC2-40 land value. Upzone optionality included at no premium. Real estate offered separately from going-concern business. Buyer to verify all zoning. View by Appt only.