Burien Development Site For
For Sale
$2,999,550
16504 3rd Avenue, Seattle, WA 98166
2.67-acre site zoned MU-2, ideal for various developments.
Property SizeContact for details
Days on Market464
Property Features for 16504 3rd Avenue
General Information
Standard status
Active
Taxes and HOA fees
Annual Taxes
$15,133
Listing Agency:
WINDERMERE REAL ESTATE CO.
Listed By:
EDWARD KRIGSMAN
Source:
Corcoran
Added: May 24, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:08AM
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 REAL ESTATE CO.
Investment Insights
Based on property information with market context.
This 2.67-acre site in Burien consists of two parcels and is zoned MU-2, which allows for flexible development options. The MU-2 zoning designation is intended for high-density multifamily residential land uses. It permits a maximum building height of 65 feet, with a potential bonus allowing up to 85 feet. There are no commercial requirements associated with this zoning. Additionally, the zoning has no maximum lot coverage or impervious surface requirements and minimal setbacks ranging from 0 to 15 feet. The site's central location makes it suitable for various developments, including commercial spaces, offices, apartments, townhomes, senior living facilities, or self-storage. A ground lease option is also available. The property is conveniently located near SeaTac Airport, Boeing, Amazon Fulfillment, and Westfield Mall, with easy access to Seattle, Tacoma, and the Eastside via highways 509, 518, I-5, and 405.
Key Highlights
- Prime 2.67‑acre site zoned MU‑2 for high‑density multifamily residential and flexible development options.
- MU‑2 zoning allows for a maximum building height of 65’ (85’ with bonus) and minimal setbacks (0’-15’).
- Ideal location for commercial, office, apartments, townhomes, senior living, or self‑storage development.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
679
Businesses Nearby
Explore this area
Business Placement
Demographics for 98166, WA
22,152
Population
9,766
Households
2.3
Avg Household Size
45
Median Age
45%
College-Educated
93%
High-School Grad
5.8 sq mi
ZIP Area
3,819
Density / Sq Mi
$112,191
Median Household Income
$63,011
Median Earnings
$1,739
Median Rent
$785,700
Median Home Value
Market
Vacancy Rate% for Industrial in Seattle, WA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 2.67-acre site zoned MU-2, ideal for various developments.
Where is this commercial land located?
The property is located at 16504 3rd Avenue Seattle, WA.
What is the asking price?
The asking price for this property is $2,999,550.
What are key features of this property?
This property features: Prime 2.67‑acre site zoned MU‑2 for high‑density multifamily residential and flexible development options.; MU‑2 zoning allows for a maximum building height of 65’ (85’ with bonus) and minimal setbacks (0’-15’).; Ideal location for commercial, office, apartments, townhomes, senior living, or self‑storage development.
