18516 8Th AveShoreline, WA 98155

Property Details for 18516 8Th Ave

Property type

Residential income properties

Property subtype

Other land

Description

This exceptional 11,739 square foot parcel presents a compelling redevelopment opportunity in Shoreline, Washington. Located at 18516 8th Ave NE, 98155, this property is ideally situated steps 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 permitting construction up to 140 feet in height. This prime location, combined with the imminent opening of the light rail station, promises substantial value appreciation. The property's proximity to the station makes it perfect for businesses seeking high foot traffic. This parcel is one of seven contiguous parcels totaling 79,732 square feet, all currently listed for sale, offering the potential for a large-scale development project. Existing infrastructure on 8th Ave NE and 185th St reduces development costs. The asking price of $2,200,000 reflects the value of this individual parcel. The property's convenient access to Seattle further enhances its desirability. Consider the potential to construct a multifamily building of 400+ units to meet the area's growing housing demand. The King County Assessor's Parcel Number (APN) is 3235100260. This is a rare opportunity to capitalize on the transformative effects of light rail expansion in a rapidly developing area.

Location Insight

City

Shoreline

County

King

State

Washington

Latitude

47.7638

Longitude

-122.321

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