Land Assemblage & Builder Sale
30th Ave W – Magnolia
Overview
This project involved assembling three adjacent residential properties in Magnolia to create a development site totaling more than 25,000 square feet. Located in the heart of Magnolia, the combined parcels offered strong redevelopment potential under Seattle zoning regulations.
The opportunity required careful coordination between multiple property owners and a developer seeking land for new construction.
The Opportunity
Three neighboring lots along 30th Ave W presented the potential for a larger redevelopment site when assembled together. Individually, the properties had value as single-family homes, but combined they offered significantly greater value as a development opportunity.
With the right buyer and strategy, the site could support a multi-home residential project in one of Seattle’s most desirable neighborhoods.
The Strategy
This transaction required long-term planning, relationship building, and negotiation.
Over the course of approximately one year, the process included:
- Building trust with the property owners
- Evaluating development potential and zoning considerations
- Identifying the right builder capable of executing the project
- Structuring a deal that aligned the interests of all parties
Because multiple sellers and a developer were involved, the transaction required careful negotiation to ensure everyone felt confident moving forward.
The Result
The final assemblage created a development site of more than 25,000 square feet, allowing the builder to move forward with a residential project that ultimately produced 15 new homes.The result was a successful transaction that satisfied both the property owners and the builder. transforming underutilized land into new housing for the Magnolia community.
