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18534 8th Ave NE - Light Rail Development Site

0.75 Acres of Commercial Land Offered at $5,980,000 in Shoreline, WA 98155

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Investment Highlights

Best multi-use zoning standards in Shoreline, no density limits, min. setbacks, potentially 7-stories up
Part of a potential 7-lot assemblage that totals approx. 1.83acres

Lot is flat and buildable

Executive Summary

SUPREME development opportunity, directly across from the nearly completed light rail station. MUR-70/Mixed Use Residential, no density limits, potential to build up 140 ft. Last dirt on the street to be released! If combined with available lots to the South, assemblage could total 1.83 acres approx. Pricing reflects 2 adjacent parcels #’s (3235100249 / 3235100244). Buyer to verify all info.

Property Facts

Price	$5,980,000	Property Type	Land
Sale Type	Investment	Property Subtype	Commercial
Sale Conditions	Bulk/Portfolio Sale Redevelopment Project	Proposed Use	Commercial Retail Office Mixed Use Multifamily Hospitality Apartment Units Apartment Units - Condo Apartment Units - Senior Apartment Units - Subsidized Community Center Department Store Healthcare Hold For Development Hold For Investment Hotel Master Planned Community Medical Neighborhood Center Parking Garage Planned Unit Development Single Family Development Storefront Storefront, Retail or Office Storefront, Retail or Residential Strip Center Supermarket Single Family Residence
No. Lots	1	Total Lot Size	0.75 AC

Price	$5,980,000
Sale Type	Investment
Sale Conditions	Bulk/Portfolio Sale Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Retail Office Mixed Use Multifamily Hospitality Apartment Units Apartment Units - Condo Apartment Units - Senior Apartment Units - Subsidized Community Center Department Store Healthcare Hold For Development Hold For Investment Hotel Master Planned Community Medical Neighborhood Center Parking Garage Planned Unit Development Single Family Development Storefront Storefront, Retail or Office Storefront, Retail or Residential Strip Center Supermarket Single Family Residence
Total Lot Size	0.75 AC

1 Lot Available

Lot 3235100249

Price	$5,980,000	Lot Size	0.75 AC
Price Per AC	$7,973,333

Price	$5,980,000
Price Per AC	$7,973,333
Lot Size	0.75 AC

2-adjacent parcels, 17,239sqft. / 15,291sqft. A total of approx. 1.83acres possible w/ additional parcels to South, all are available for a potential assemblage.

Description

Directly across from the soon-to-be completed Shoreline Link Light Rail Station From I-5: 175th St Exit - E on NE 145th St - N on 5th Ave NE - E on NE 185th St - N at 1st roundabout onto 10th Ave NE - W on NE 188th St - Home is on left.

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zoning

Zoning Code	MUR 70 (MUR-70, Multi-use Commercial-Residential, potentially vertical to 140ft.)
MUR 70 (MUR-70, Multi-use Commercial-Residential, potentially vertical to 140ft.)

(425) 802-8864

Contacts

Blake Mcbride
David Cho
Design Realty Prsi Inc

Listing ID: 30685169
Date on Market: 1/17/2024
Last Updated:
Address: 18534 8th Ave NE, Shoreline, WA 98155

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18534 8th Ave NE, Shoreline, WA for sale Building Photo- Image 1 of 6 — Rendering

18534 8th Ave NE, Shoreline, WA for sale Building Photo- Image 2 of 5 — Lots-Assesmblage, includes seller's parcels plus additional for potential 7 lot assemblage

18534 8th Ave NE, Shoreline, WA for sale Building Photo- Image 3 of 5 — Front

18534 8th Ave NE, Shoreline, WA for sale Building Photo- Image 4 of 5 — Light Link Station

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