901 Lenora Street

Lee & Associates is pleased to present the opportunity to acquire 901 Lenora, a premier development site on the border of South Lake Union in the Denny Triangle. Located on the corner of 9th Avenue and Lenora Street, the property features 21,600 square feet of land zoned Downtown Mixed Commercial (DMC) 240/290-440. This site is situated at the epicenter of growth and innovation with convenient access to mass transit and countless amenities. As this continually growing submarket has evolved, the property has emerged as a prime candidate for redevelopment.

The building was occupied by the Social Security Administration until 2012, when Morningside Academy took occupancy. Morningside is a non-profit that provides behaviorally designed academic and social programs for elementary and middle school children with learning disabilities or ADD/ADHD, as well as their teachers and other school personnel. The combination of the Standard Parking lease for the surface parking and the Morningside lease, which has two years of term remaining, will provide more than $492,000 of annual income while going through the pre-development process.