Development Site Near Light
For Sale
$11,500,000
18340 3rd Avenue, Shoreline, WA 98155
Development site near North Shoreline Light Rail Station.
Property SizeContact for details
Days on Market479
Property Features for 18340 3rd Avenue
General Information
Standard status
Active
Listing Agency:
WESTLAKE ASSOCIATES, INC.
Listed By:
DAVID W PETERSEN
Source:
Corcoran
Added: May 16, 2025
Changed: Mar 16
Last Checked: Aug 26 at 5:30AM
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 WESTLAKE ASSOCIATES, INC.
Investment Insights
Based on property information with market context.
This site, just under 2 acres, features an 84,385 square foot lot zoned MUR-70, which permits the construction of approximately 365 apartment units. The property consists of four contiguous tax parcels and is located within walking distance of the North Shoreline/185th Light Rail Station. A proposed preliminary site plan by Caron Architects suggests the feasibility of constructing 365 residential units, along with 13,420 square feet of ground floor retail space, and 408 parking stalls. The proposed building design incorporates a 15,675 square foot interior courtyard intended for resident use.
Key Highlights
- Large 84,385 sq ft lot zoned MUR‑70 allowing for approximately 365 apartment units.
- Walking distance to the North Shoreline/185th Light Rail Station.
- Preliminary site plan supports 365 residential units and 13,420 sq. ft. of ground floor retail.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
Explore this area
Business Placement
Demographics for 98155, WA
35,948
Population
14,526
Households
2.5
Avg Household Size
41
Median Age
56%
College-Educated
95%
High-School Grad
7.5 sq mi
ZIP Area
4,793
Density / Sq Mi
$131,911
Median Household Income
$67,323
Median Earnings
$2,016
Median Rent
$758,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Development site near North Shoreline Light Rail Station.
Where is this commercial land located?
The property is located at 18340 3rd Avenue Shoreline, WA.
What is the asking price?
The asking price for this property is $11,500,000.
What are key features of this property?
This property features: Large 84,385 sq ft lot zoned MUR‑70 allowing for approximately 365 apartment units.; Walking distance to the North Shoreline/185th Light Rail Station.; Preliminary site plan supports 365 residential units and 13,420 sq. ft. of ground floor retail.
