Development Opportunity in Downtown
For Sale
$3,200,000
10116 NE 187th Street, Bothell, WA 98011
Two homes on a large lot, ideal for development.
Property SizeContact for details
Days on Market506
Property Features for 10116 NE 187th Street
General Information
Standard status
Active
Taxes and HOA fees
Annual Taxes
$14,030
Listing Agency:
COLDWELL BANKER BAIN
Listed By:
NOLAN GREENE
Source:
Corcoran
Added: Apr 25, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COLDWELL BANKER BAIN
Investment Insights
Based on property information with market context.
This property presents a rare development opportunity in downtown Bothell, featuring two side-by-side homes situated on a combined lot size of approximately 21,562 square feet, which is equivalent to 0.495 acres. The two homes are currently rented and generating income. The property is positioned on a corner lot with alley access. The City of Bothell recently upzoned this neighborhood to R-M4, allowing for a minimum of around 20 units and up to 40 units under current zoning. This is an exceptional opportunity for investors or developers to capitalize on Bothell’s growing demand. Viewing of homes is available upon mutual acceptance. Buyers are advised to verify all zoning and building requirements with the City of Bothell and determine the highest and best use for the property.
Key Highlights
- Rare development opportunity in Downtown Bothell.
- Upzoned R‑M4 zoning allows for a minimum of 20 and up to 40 units.
- Large combined lot size of approximately 21,562 SF (0.495 acres).
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,349
Businesses Nearby
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Business Placement
Demographics for 98011, WA
27,897
Population
12,424
Households
2.2
Avg Household Size
38
Median Age
61%
College-Educated
95%
High-School Grad
7.1 sq mi
ZIP Area
3,929
Density / Sq Mi
$127,445
Median Household Income
$77,467
Median Earnings
$2,223
Median Rent
$888,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Two homes on a large lot, ideal for development.
Where is this residential land & home lot located?
The property is located at 10116 NE 187th Street Bothell, WA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Rare development opportunity in Downtown Bothell.; Upzoned R‑M4 zoning allows for a minimum of 20 and up to 40 units.; Large combined lot size of approximately 21,562 SF (0.495 acres).
