The Seattle Monorail Board OK'd the sale of a West Seattle property last week that will knock about $2 million off the defunct project's debt.

The Monorail Board unanimously approved a purchase-and-sale agreement for Harbor Properties to buy the former Petco parking lot and the Chan Clinic for $4.5 million. The two properties are next to each other in the 4700 block of 42nd Avenue Southwest, across the street from Jefferson Square.

Even after it pays the $164,000 sales commission, the Monorail Project still doubled its money on the Junction properties. The agency bought the two parcels for $2.2 million, said Jonathan Buchter, project director.

The sale was among the first three of 33 properties owned by the Seattle Monorail Project.

The Monorail board last week also approved a purchase-and-sale agreement for the southeastern corner of the intersection of 35th Avenue Southwest and Southwest Avalon Way. The long-vacant corner lot was purchased by the Monorail Project from Huling Bros. Properties for $410,000. Huling Bros. wants to buy back the property and the Monorail Board approved a sale price of $425,000.

The real estate commission was $21,250 on that parcel.

There were other bidders for the former Huling property, but Buchter wouldn't divulge how many in case the approved sale falls through. However, he promised the sale records will be made public once the deals are completed.

A third property sale OK'd by the Monorail Board was for two adjacent parking lots near Seattle Center. The properties were purchased for $3.4 million and sold for $3.85 million. The sales commission was nearly $99,000.

The deadline for submitting bids to buy part of the erstwhile Green Line was March 17. The Monorail Board will vote on disposition more properties in the coming weeks.

Tim St. Clair can be contacted at 932-0300 or tstclair@robinsonnews.com