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    14861 5Th Ave NE Shoreline, WA 98155

    For Sale
    $9,627,955

    Seven-lot assemblage near light rail station, zoned MUR-70.

    Property size:
    52,043 SF

    Property Features for 14861 5Th Ave NE

    General Information

    Size
    52,043 SF

    Building Details

    Year built
    1947

    Source: WINDERMERE GREENWOOD Agent JACK MALEK

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Shoreline MUR-70 Zoned Land Assemblage

    This is a rare assemblage of seven lots fronting 5th and 6th Avenues NE, zoned MUR-70, allowing for structures up to 7 stories. The property includes the corner at 6th Avenue and 152nd Street. An additional prospective eighth lot at 15124 5th Ave NE could complete the square, creating dimensions of approximately 248' x 240', for an aggregate of 59,483 square feet, or 1.37 acres. Architectural designs and renderings show potential for 268 apartments or condos with street-level commercial space on the seven-lot aggregate, or 297 apartments or condos with street-level commercial space if the eighth lot is included. The property is located in the Light Rail Station Area at 145th Street. Sellers for the seven parcels are organized with a signed memorandum of understanding. A Phase 1 Study has been completed.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Building Supply Nail Salon Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Shoreline
    County
    King
    State
    Washington
    Longitude
    -122.3284658
    Latitude
    47.4691746

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    FAQs

    What type of property is this?
    Commercial land - Seven-lot assemblage near light rail station, zoned MUR-70.
    Where is this commercial land located?
    The property is located at 14861 5Th Ave NE Shoreline, WA.
    What is the asking price?
    The asking price for this property is $9,627,955.
    What are key features of this property?
    This property features: - Located in a Light Rail Station Area (145th St); - Zoned MUR-70, allowing for 7-story development; - Large 7-lot assemblage (59,483 SF / 1.37 Acres)
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    14861 5Th Ave NE Shoreline, WA 98155
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