Welcome to the world of Saab ! Register
Results 1 to 3 of 3
  1. #1
    Dave T.
    Super Moderator Dave T's Avatar
    Join Date
    03 Aug 2010
    Location
    near Seattle, Washington
    Posts
    1,455
    Saab(s)
    1999 9-3SE (2013-2015), 2005 9-3 (2005-2013), 1990 900 (1990-2003)
    Thumbs Up:   31

    Land opportunity to build a Saab palace!

    I got this by email.

    The residential land is at the edge of Bellevue, Washington, a prosperous city in its own right next to Seattle. The land is zoned residential, not commercial so no stores allowed. The height limitation is 40 feet (about 15 metres).

    The photo is too large to post so two links:

    https://i13.moxi.onl/img-pr-001388/p..._2_gallery.jpg
    Picture shows 2 tiny houses but the downtown skyline a few blocks away. This is not a high crime rate area.

    https://i14.moxi.onl/img-pr-001388/p..._2_gallery.jpg
    Picture shows the bay in the background. If a new house were built to the maximum height, you could probably see the bay.

    The asking price is too high, I think. The market value may be a bit lower. Or you can build 2 buildings and sell one.

    Think of what you could build...

    Garage on the first floor. Very large, like a commercial parking garage. One stall would have a car lift to work on your Saab. There would be enough space to start a Saab museum. SAAB 900 (classic), Saab 9-3 (9440, SS), your daily driver car, SUV with winter tires, etc.

    The second and third floors would be housing. The top floor would be a rooftop garden. The view can be simulated by visiting the nearby parking garage's top floor and see if you can see the Meydenbauer Bay.

    The style of the building would be post modern or Bauhaus or brutalist or something squarish. Bellevue, unlike Seattle, allows lettering on the building so maybe put "SAAB" on it as a lit sign. It will be locally known as Saab House.

    In contrast, a few years ago, I built a nice garage with some storage and living space above (no plumbing). The floor of the garage is acid etched epoxy, not bare concrete. In anticipation of electric vehicles, one space has an adjacent 220V outlet. In retrospect, there should have been 2 of those outlets.

    0 Not allowed!

  2. #2
    Jeremy Mckeen
    mckeen's Avatar
    Join Date
    30 Aug 2021
    Location
    Austin, TX
    Posts
    2
    Saab(s)
    Saab 9000
    Thumbs Up:   0
    May I ask how much it costs? If the price is lower than $200K I'd call this a good deal. It's a good time for real estate investments at the moment as the mortgage rates are so low and the demand is so high with high real estate prices so it can be a good buy-to-let opportunity as well. I was planning to buy a house in Seattle a couple of months ago but decided to invest my money on commercial real estate in Spain since there are lots of great opportunities and it would be more profitable in the long term.

    0 Not allowed!

  3. #3
    Dave T.
    Super Moderator Dave T's Avatar
    Join Date
    03 Aug 2010
    Location
    near Seattle, Washington
    Posts
    1,455
    Saab(s)
    1999 9-3SE (2013-2015), 2005 9-3 (2005-2013), 1990 900 (1990-2003)
    Thumbs Up:   31
    Quote Originally Posted by mckeen View Post
    May I ask how much it costs? If the price is lower than $200K I'd call this a good deal. It's a good time for real estate investments at the moment as the mortgage rates are so low and the demand is so high with high real estate prices so it can be a good buy-to-let opportunity as well. I was planning to buy a house in Seattle a couple of months ago but decided to invest my money on commercial real estate in Spain since there are lots of great opportunities and it would be more profitable in the long term.
    $200K, I would run right away and make an offer at or above asking price.

    It is for 2 adjacent lots.

    It's for $2.5 million or $1.25M million for each for the land. They say you can build 4 units. Maybe the math is $2.5M for the land, $700K for each unit, total of $5.3M total, sell each unit for $1.35M to break even. That's risky to think I could sell 4 units for $1.5M each.

    0 Not allowed!

 

 

Similar Threads

  1. Saab stage 5 build
    By kevin-sookhoo in forum Saab 900 (1979-1994)
    Replies: 3
    Last Post: 29 November 2014, 11:21
  2. Can you buy land in Sweden?
    By tunnanxwd in forum The Clubhouse
    Replies: 0
    Last Post: 23 April 2011, 13:34
  3. Ok, No to Land Rover, how about a Cayenne?
    By Wasaabi in forum The Clubhouse
    Replies: 62
    Last Post: 13 April 2011, 23:20
  4. Land Rover - what can you say about them?
    By Wasaabi in forum The Clubhouse
    Replies: 81
    Last Post: 30 March 2011, 20:19

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
All times are GMT. The time now is 03:24.
Powered by vBulletin® Version 4.2.5
Copyright © 2021 vBulletin Solutions Inc. All rights reserved.