Located on a tree-lined street in Ballard, this flat five thousand square foot lot, zoned LR1, is a prime development site for new construction. The existing residence is a custom-built mid-century home that features one thousand three hundred fifty square feet on the main level and a huge unfinished basement with tall ceilings. Upgraded in recent years with Hardie siding, double pane windows, newer hardwoods, luxury vinyl plank flooring, and fresh interior paint, this solid home would be easy to rent out while you plan for future development. This is a great project to put in land bank. The spacious main floor features generous living and dining areas, two bedrooms, two bathrooms, laundry room, and large original kitchen with gas cooking and adjoining breakfast nook. Downstairs you will find an enormous unfinished basement with soaring ceilings, private entrance, and endless potential — perfect for future expansion, hobbies, or adding an accessory dwelling unit. The flat five thousand square foot lot features deck, patio, gardening spaces, and attached garage plus additional off-street parking. A rare find in one of Seattle's hottest neighborhoods. Walk to shops, parks, restaurants, nightlife, and everything else you love about Ballard. Excellent public schools as well. Opportunity knocks!