Investment Overview

The Seattle Investment Sales Team of IPA has been retained as the exclusive Listing Brokers for the sale of 901 Lenora (the Site), a prominent ±21,600 square foot (0.50 acres) development site in the heart of Seattle’s Denny Triangle Neighborhood. The highly efficient development site is approximately 180’ x 120’ allowing for high rise development up to a maximum building height of 440’.

Located at the epicenter of Seattle’s Denny Triangle and South Lake Union neighborhoods, the Site provides residents with direct access to the city’s top employers including Amazon, Apple, Fred Hutch, Google, Meta, and more. Residents will also enjoy perfect Walk and Transit Scores of 100, with direct access to multiple grocers, renowned restaurants, outdoor parks and local businesses all within blocks of the Site. Adjacent retailers include Whole Foods, District H, Barry’s and SoulCycle. Outdoor neighborhood amenities include Denny Park, Cascade Park, Denny Triangle Urban Park, Denny Substation Dog Park and Lake Union Park, all of which are located within walking distance of the Site.

The Site is situated at the doorstep of South Lake Union’s tech ecosystem, just two blocks from Amazon’s world headquarters which is home to over 12 million square feet of office space and over 50,000 employees. With Amazon’s January 2025 return-to-office mandate, South Lake Union foot traffic is exceeding 92% of pre-pandemic levels, restoring the vibrancy of Seattle’s most innovative neighborhood.

High-Rise Development Opportunity

Located in the heart of Seattle, this ±21,000 square foot (0.50-acre) site presents a premier high-rise development opportunity. Zoned DMC 240/290-440, the property allows for residential use with a maximum structure height of 440 feet. Its size and central location offer a versatile canvas to create a landmark project in one of the region’s most dynamic and highly sought-after markets.

Rare 1/2 Acre Lot in Downtown Seattle

The Site offers developers a rare opportunity to acquire nearly a half-acre of urban land, an increasingly scarce asset in one of the nation’s most competitive markets.

Close Proximity to Major Employers

Strategically located at the epicenter of Seattle’s Denny Triangle and South Lake Union neighborhoods, the Site provides direct access to major employers such as Amazon’s world headquarters, Apple, Fred Hutch, Google, Meta, the Allen Institute and The Gates Foundation.

Return to Office Momentum

Nearly one year after Amazon’s requirement that workers return to the offices five days a week, downtown Seattle foot traffic has reached levels not seen since 2019. South Lake Union has been the direct beneficiary of the return-to-office mandate, with daily foot traffic achieving over 92% of 2019 levels.

Affluent Resident Base

The Site is positioned within one of Seattle’s strongest submarkets, surrounded by a highly affluent resident base. Within a quarter mile, average household incomes reach $183,290, reflecting a renter demographic among the most affluent in the Seattle MSA.

Covered Land Play

The Site includes a vacant office building with approximately ±21,000 square feet available for lease along with 42 surface parking stalls. This offering provides investors with the opportunity to generate additional income which will offset the costs associated with land carry and entitlement.