Shoreline Land Near Light
For Sale
Contact for pricing
Pending
18318 3rd Ave NE, Shoreline, WA 98155
Development site near Shoreline North/185th Link light rail station.
Property Size84,385 SF
Lot Size1.93 Acres
Days on Market464
Property Features for 18318 3rd Ave NE
General Information
Standard status
Pending
Size
84,385 SF
Lot size
1.93 Acres
Property subtype
LAND
Listing Agency:
Westlake Associates, Inc.
(206) 300-8909
Listed By:
David Petersen · License #7352
Source:
Moodyscre
Added: May 16, 2025
Changed: Aug 8
Last Checked: Aug 22 at 10:19AM
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, permitting 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 possibility of constructing 365 residential units, 13,420 sq. ft. of ground floor retail space, and 408 parking stalls. The plan also incorporates a 15,675 sq. ft. interior courtyard for residents. The Shoreline North/185th Link light rail station is situated on the east side of Interstate 5, north of NE 185th Street, and includes an adjacent bus station and a parking garage with approximately 500 stalls. The recently opened Light Rail Expansion is expected to stimulate economic development and population growth, attracting businesses, jobs, and industries to the area.
Key Highlights
- Development opportunity: MUR‑70 zoning allows for approximately 365 apartment units.
- Large 84,385 square foot lot, just shy of 2 acres.
- Walking distance to the North Shoreline/185th Light Rail Station.
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Development site near Shoreline North/185th Link light rail station.
Where is this commercial land located?
The property is located at 18318 3rd Ave NE 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: Development opportunity: MUR‑70 zoning allows for approximately 365 apartment units.; Large 84,385 square foot lot, just shy of 2 acres.; Walking distance to the North Shoreline/185th Light Rail Station.
