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About the Listing 5243 - 131325
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.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Laminate
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: City of Seattle
Exterior Details
- Lot Description: Zoning: Business,Commercial,Industrial
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: Business,Commercial,Industrial
- Roof: Flat
- Others: Wood,Updated/Remodeled
- Sewer: City of Seattle
Financial Details
- Tax Amount: $7,699
- Taxes w/Assessments: N/A
- Tax/Property ID: 1250200430
- Tax Year: 2025
Payment Calculator
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Questions About..
2506 S Jackson St Seattle, WA 98144
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