Rare 9,000 SF combined opportunity in the heart of South Lake Union-2538 & 2540 Dexter Ave N offered together. Zoned LR3 (Buyer to Verify), this site presents strong potential for future redevelopment, including apartments, townhomes, or a boutique multi-unit project.At the same time, both properties are livable today with flexible use-2538 is a duplex (2 × 1BD/1BA) and 2540 is a ~2,700 SF single-family home (3BD/2.25BA), well-suited for owner-occupancy, multi-generational living, or rental income while planning next steps.Elevated site captures expansive views of Lake Union, Gas Works Park, Ship Canal, Seattle skyline, and the Cascade Mountains-a rare combination of scale, view, and location.Minutes to South Lake Union, Fremont, and Downtown, with transit, bike routes, and daily amenities nearby.A unique in-city asset offering immediate usability with long-term upside. Geotech and additional information available. Buyer to verify all development potential.
| MLS # | 2511133 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 154 |
| Listing Provided By | eXp Realty | Helena Chen |
| Acreage | 0.21 |
|---|---|
| Property View | Yes |
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98109 |
| Area | 700 Queen Anne | Magnolia |
| Community Name | Lake Union |
| School District | Lincoln High |
| Elementary School | John Hay Elementary |
| High School | Lincoln High |
| Listing VS Median (in Lake Union) | |
Price: $3,000,000 low | high Med: $399,000 On site: 154 low | high Med: 104 | |
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98109 |
| Area | 700 Queen Anne | Magnolia |
| Community Name | Lake Union |
| School District | Lincoln High |
| Elementary School | John Hay Elementary |
| High School | Lincoln High |
| Listing VS Median (in Lake Union) | |
Price: $3,000,000 low | high Med: $399,000 On site: 154 low | high Med: 104 | |