Courtesy of: Paul Lau | | John L. Scott Des Moines
Mercer MidMiddle School
Address: 3001 Beacon Avenue
Neighborhood: Beacon Hill, 385 - Sodo/beacon Hill
Redevelopment site near Beacon Hill light rail station. Prime 80’x53’ property occupies the southwest corner of Beacon Ave S and S Stevens St, just 2 blocks from station and zoned NC2P55 which allows for a variety of uses. Preliminary feasibility study suggested a 5-story building with 24 SEDU residential units and 1,865 Sqft of first floor commercial space. Second option is 1,815 sqft of street level retail/commercial, plus 16 units mixed studio and 1-bedroom apartments, for a total of nearly 16,000 sqft gross building area. Current 2,756 sqft building hosts a good mix of 4 neighborhood businesses, producing a combined annual income of $64,080. Opportunity such as this does not present itself often. Take advantage of it.
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