- For Sale Contact for pricing
- Property Type VacantLand
- Property Size 6,969.6 SF
- Lot Size 0.16 Acre
- Date Updated Oct 19, 2026
Description
Lot Size: 0.16 Acres | 6,780 SF
Address: 505 Harrison Street, Seattle, WA 98109
Parcel No.: 199120-0400
Cross Streets: 5th Avenue and Harrison Street
Zoning: SM-UP 160 (M)
CBRE is pleased to offer, on an exclusive basis, the unique opportunity to acquire the land site at 505 Harrison Street, Seattle, WA 98109. The 6,780 SF site presents an excellent opportunity for development of a hotel or multifamily project. The zoning is designated as Mixed Use-Uptown, and zoning allows for 160-foot development. The site is currently a vacant lot, and neighboring lots operate as surface lots for short-term parking.
Location Description
As one of the closest sites to the Seattle Center, the property will benefit from strong leisure demand created by the $1.15 billion redevelopment of Climate Pledge Arena (formerly Key Arena) which reopened on October 22, 2021, with a concert featuring Coldplay. Seattle Center, and the legacy of the 1962 Seattle World’s Fair, featuring the iconic Space Needle has adapted and evolved over the many years to become the region’s top gathering place and the heart and soul of Seattle. The new arena has already hosted several A-List concerts and will host an estimated 200 events per year.
The site is located just between Uptown and Seattle’s fastest growing tech hub known as South Lake Union (SLU). SLU is a unique neighborhood within the City of Seattle, comprised of 170 acres of parks, community amenities, LEED-certified commercial and residential buildings as well as lakefront access and a myriad of transit options.
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