18522 8Th AveShoreline, WA 98155

This exceptional 13,569 square foot parcel presents a remarkable investment opportunity in Shoreline, Washington. Located at 18522 8th Ave NE, 98155, this property is ideally situated steps away from the Sound Transit 185th Street Light Rail Station, slated to open August 31, 2024. The MUR70 zoning allows for significant development potential, with the City of Shoreline programs permitting buildings up to 140 feet in height. This prime location, combined with the upcoming light rail station, ensures high foot traffic and strong business prospects. The property's convenient access to Seattle further enhances its appeal. This parcel is one of seven adjacent parcels totaling 79,732 square feet, all currently listed for sale, presenting the possibility of acquiring a larger contiguous development site. The existing infrastructure on 8th Ave NE and 185th St offers cost savings for development. The asking price of $2,200,000 reflects the value of this single parcel. The potential for a 400+ unit multifamily building addresses the area's growing housing demand. Existing homes on the property offer immediate rental income potential. The APN is 3235100255. This is a ready-to-develop site poised for significant appreciation upon the light rail station's opening.