Investor opportunity in the heart of Columbia City. Bring your vision. This 6,358 square foot lot with an existing spacious vintage craftsman offers two clear paths: renovate the classic home and add density behind it, or build new by taking advantage of the permit-ready 6-unit townhome project already designed by Cone Architecture. Choose to renovate and you'll find the existing home offers the bones to create something special, featuring a functional main-floor layout, three bedrooms upstairs, and an unfinished basement adding further upside. The back yard offers ample space to build 2-3 new homes, providing the option to take your investment to the next level. Alternatively, choose to start fresh with a brand new townhome community, featuring everything the modern new construction buyer is seeking - large 3-4 bedroom floorplans, roof top decks and parking for all homes. Whichever direction suits your model, location is a proven draw: near Columbia City Link Light Rail, PCC Community Markets, and the Rainier Ave S retail and dining corridor. Whether you're penciling a rehab + added density play or a full ground-up redevelopment, the lot size, location and permit-ready plans create one of the stronger value-add opportunities to hit Columbia City in a while. Full architectural and structural plans available on request. Reach out today for more information or to book a site visit!