Positioned in the heart of Seattle’s highly sought-after South Lake Union neighborhood, Eaglecrest Apartments presents a rare covered land opportunity with immediate income and long-term redevelopment upside. The property features a well-maintained 6-unit apartment building fronting Dexter Avenue North with sweeping views overlooking Gas Works Park and Lake Union. Included is an additional undeveloped parcel located on Westlake Avenue North, creating a combined assemblage ideal for future hotel, multifamily, or mixed-use development. Surrounded by Seattle’s premier technology, biotech, and employment hub, the property offers exceptional access to downtown Seattle, public transit, and world-class amenities. Investors and developers can capitalize on existing cash flow while pursuing entitlement and maximizing the site’s long-term development potential.