4220 36th Ave S Seattle WA 98118

Zoning Summary – NC2-55 (M) Financing Terms: The Buyer shall pay to Seller the total purchase price of $1,300,000.00 , of which $340,000.00 shall be paid in cash at closing as a down payment. The remaining balance $860,000.00 (Seller-Financed Note”) shall be financed by Seller under the following terms: • Interest Rate: 5.00% per annum, fixed. No payments or accrued interest the first 6 months. • Maturity / Balloon: All remaining unpaid principal and any accrued interest shall be due and payable in full on or before the fifth (5th) anniversary of the Note (“Maturity Date”). *30-day Feasibility Zoning Type: NC2-55 (M) Neighborhood Commercial 2 Height Limit: 55 ft (5 stories) Mandatory Housing Affordability (MHA) – Medium requirement; requires either on-site affordable units or in-lieu payment to the City’s housing fund. Neighborhood Context: NC2 zones are pedestrian-oriented commercial districts serving surrounding residential areas — think coffee shops, clinics, offices, and neighborhood retail with apartments or condos above. Allowed Uses: Commercial • Retail, restaurant, service, and office uses allowed outright at street level. • Small-scale grocery, café, or co-working / medical / professional office uses fit perfectly. Residential / Mixed Use: • Residential permitted on upper floors (and even ground floor if pedestrian zone rules don’t prohibit it). • Common configuration: ground-floor retail + 4 stories of apartments or condos above. Development Standards (approximate) Height Limit: 55 ft (5 stories) FAR Base ~3.75; up to ~4.25 with MHA bonus (≈24,000–27,000 sf buildable on 6,534 sf lot) Setbacks 0 ft front (pedestrian edge), 15 ft rear abutting residential, side depends on context. Parking None required if within ¼ mile of frequent transit; otherwise ~1 per 1,000 sf retail, ~0.5 per dwelling