Development Parcel Near Light
For Sale
$2,500,000
18516 8th Avenue NE, Shoreline, WA 98155
11,739 SF parcel near Sound Transit Light Rail Station.
Property SizeContact for details
Lot Size0.27 Acres
Days on Market772
Property Features for 18516 8th Avenue NE
General Information
Standard status
Active
Lot size
0.27 Acres
Property subtype
Land or Vacant Lot
Taxes and HOA fees
Annual Taxes
$11,732
Amenities
Corner
Paved
Listing Agency:
WINDERMERE R.E. SHORELINE
(206) 546-5731
Listed By:
J.C. GAGNAIRE · License #20109043
(206) 769-5671
Source:
Corcoran
Added: Sep 14, 2024
Changed: Oct 25
Last Checked: Jul 16 at 7:25AM
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
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Investment Insights
Based on property information with market context.
This 11,739 square foot parcel is located across the street from the Sound Transit 185th St Light Rail Station. The site is suitable for a multifamily project, potentially accommodating approximately 60 units, to address the area's increasing housing needs. Development programs allow for building heights up to 140 feet. Existing infrastructure at 8th Ave NE and 185th St may help reduce development costs. The existing home on the property can provide rental income during the planning and permitting phases. The location provides convenient access to Seattle.
Key Highlights
- Prime location across from the Sound Transit 185th St Light Rail Station.
- Development potential with building heights up to 140 feet.
- Ideal for a 60± unit multifamily project.
Property Analytics
Who owns this building?
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Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 11,739 SF parcel near Sound Transit Light Rail Station.
Where is this residential land & home lot located?
The property is located at 18516 8th Avenue NE Shoreline, WA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Prime location across from the Sound Transit 185th St Light Rail Station.; Development potential with building heights up to 140 feet.; Ideal for a 60± unit multifamily project.
