Located on a tree-lined street in Ballard, this flat 5000 sq ft lot, zoned LR1, is a prime development site for new construction. The existing residence is a custom-built mid-century home that features 1,350 sq ft on main level and a HUGE unfinished basement with tall ceilings. Upgraded in recent years with Hardie siding, double pane windows, newer hardwoods, LVP 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, 2 beds, 2 baths, laundry room, and large original kitchen with gas cooking and adjoining breakfast nook. Downstairs you'll find an enormous unfinished basement with soaring ceilings, private entrance, and endless potential — perfect for future expansion, hobbies, or adding an ADU. The flat 5,000 sq ft 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!