Marcus & Millichap, a real estate brokerage firm, successfully facilitated the sale of 849 NW Market Street Development Site in Seattle. The property is a 5,178-square-foot parcel of land that was sold for $1.8 million.
The buyer, who is a private investor, was represented by investment specialists Jake Morse, Ryan Dinius and Sidney Warsinske from Marcus & Millichap’s Seattle office.
Situated at 849 NW Market St., the development site has been fully entitled for the construction of 35 residential units. It was sold at an average price of $51,000 per unit and $347 per square foot for the land itself.
