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Development Parcel Near Light Rail
For Sale
$2,100,000

18510 8th Avenue Northeast, Shoreline, WA 98155

9,910 SF parcel near Sound Transit Light Rail Station.

Property SizeContact for details
Lot Size0.23 Acres
Days on Market1529

Property Features for 18510 8th Avenue Northeast

General Information

Standard status Active
Lot size 0.23 Acres
Property subtype Land

Taxes and HOA fees

Annual Taxes $6,743

Amenities

0, 0, 0, 0
No
Paved
Listing Agency: Windermere R.E. Shoreline
Listed By: J.C. Gagnaire · License #20109043
Source: Compass
Added: Aug 21, 2022 Changed: Oct 25 Last Checked: Oct 26 at 7:46PM

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 Windermere R.E. Shoreline

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This is a 9,910 square foot parcel situated across the street from the Sound Transit 185th St Light Rail Station. The property is located in Shoreline, Washington. Development programs allow for building heights up to 140 feet. The site is suitable for a multifamily project of approximately 60 units, intended to address the area's increasing housing needs. Infrastructure is readily available at 8th Ave NE & 185th St. An existing home on the property can provide rental income during the planning and permitting phases.

Key Highlights

  • Prime location directly across from the Sound Transit 185th St Light Rail Station.
  • Development potential with Shoreline programs allowing building heights up to 140 feet.
  • Ideal for a 60± unit multifamily project.

Property Analytics

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Open Analytics

Suggested Use

Top Pick Restaurant Real Estate Agency Law Firm Hair Salon Nail Salon Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

486
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - 9,910 SF parcel near Sound Transit Light Rail Station.
Where is this residential land & home lot located?
The property is located at 18510 8th Avenue Northeast Shoreline, WA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Prime location directly across from the Sound Transit 185th St Light Rail Station.; Development potential with Shoreline programs allowing building heights up to 140 feet.; Ideal for a 60± unit multifamily project.
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