The RBCA has just learned that The Theodora (6559 35 Avenue NE), owned by Volunteers of America, is for sale. According to data from King County, the property is 64,772 square feet, valued at $8.5 million, and has 114 units. According to one resident, since the assisted living residents were moved out, less than 50 people currently live in this building.
This property is zoned “LR2,” which allows townhomes, rowhouses, and apartments. This is the second non-profit to put their property up for sale in this part of RBCA so far this year. The Children’s Home Society of Washington put their 3.7 acre site up for sale earlier this year, and will be releasing the buyer’s info very soon.