Capitol Hill Development Site

The Capitol Hill market is a close-in, urban community that has experienced significant long-term land price appreciation. The general region and the Capitol Hill market specifically have benefited from strong economic conditions. The demand for land in the community and other communities in and surrounding downtown Seattle has been significant in recent years.NAI Puget Sound Properties is pleased to exclusively offer for sale the 110 Summit Ave E and 1611 E Olive Way development site, located in the heart of the retail/commercial core of the Capitol Hill neighborhood of Seattle. The site presents a unique development opportunity in one of the most desirable neighborhoods in both Seattle and the greater Puget Sound region. It is located on a major commercial corridor in a high-density and vibrant community and offers corner locations with street frontage on two sides, allowing maximum natural light and great view potential. The property is near the Capitol Hill Link Light Rail and Seattle Streetcar stations, in addition to numerous bus routes in close proximity. Only two neighborhoods in the Seattle area are accessible by all 3 major transportation systems. This transit-oriented location provides excellent access to nearby employment centers such as the Seattle Central Business District, South Lake Union, the University of Washington main campus and hospital, and the First Hill medical community. In addition, the property is near Cal Anderson Park, which is the hub of the local community.