2903 E Union St, Seattle, WA 98122
Investors, builders, and developers take note. This prime Madrona / Central District corner lot in Seattle offers exceptional redevelopment and value-add potential in one of the city’s most desirable in-city neighborhoods.
Located just steps from Madrona neighborhood retail, restaurants, parks, and transit, this 6,545 square foot NR3-zoned lot sits in a proven growth corridor surrounded by a dynamic mix of classic Seattle homes, modern townhomes, new construction, and neighborhood commercial amenities. Properties with this combination of corner positioning, flexible zoning, and walkable location are increasingly rare in the Seattle market.
The existing 1,620 square foot home is currently livable and occupied by a caretaker but is ready for updates and improvements. Investors may explore several potential strategies including:
• Renovating the existing home for resale or rental
• Creating an ADU or DADU configuration
• Utilizing the separate lower-level entrance for future rental flexibility
• Exploring multi-unit development potential under Seattle’s NR3 zoning
The property also includes a detached garage and additional RV parking, providing further flexibility for redevelopment planning, parking solutions, or accessory dwelling unit expansion.
Situated in Seattle’s sought-after Madrona / Central District neighborhood, the location offers convenient access to:
• Downtown Seattle
• Capitol Hill
• Seattle University
• Lake Washington and Madrona Park
• Major bus routes and commuter corridors
A nearby bus stop provides direct transit access to Downtown Seattle, making the property appealing for both future homeowners and long-term rental demand.
Whether you are a Seattle builder, investor, or developer, this property represents a rare opportunity to acquire land in a high-demand urban neighborhood with strong redevelopment potential.
Property is sold As-Is. Buyers to verify zoning, development capacity, and feasibility to their satisfaction.
Private showings available by lockbox appointment. See supplements for additional information.