18516 8th Ave NE Shoreline, WA 98155
Development opportunity near upcoming Sound Transit station in Shoreline.
Type:Land
Lot size:
0.27 Acres- Added:
- Sep 18, 2024
- Days on Market:
- 561
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 18516 8th Ave NE
General Information
- Standard status
- Active
- Lot size
- 0.27 Acres
- Property subtype
- Land
Listing agent JC Gagnaire License #WA 20109043
Listing office Windermere Real Estate/Shoreline
Listing date Sep 18, 2024
Source Crexi
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/Shoreline
Overview
Prime Land Near Light Rail
This is an 11,739 square foot parcel located steps from the Sound Transit 185th St Light Rail Station, scheduled to open August 31, 2024. Situated in a rapidly developing MUR70-zoned area, the property is surrounded by six other parcels, totaling 79,732 square feet, that are also listed for sale. The location is ideal for businesses due to anticipated high foot traffic from the upcoming station. City of Shoreline programs allow for development up to 140 feet. The site offers convenient access to Seattle. The opening of the station is expected to increase the property's value. Combining some or all seven parcels could allow for significant development, such as constructing a multifamily building with over 400 units to meet the growing demand in the area. Existing infrastructure on 8th Ave NE and 185th St may reduce development costs. Existing homes on the property offer immediate rental income.
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Shoreline
- County
- King
- State
- Washington
- Longitude
- -122.3212335
- Latitude
- 47.7637894
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Development opportunity near upcoming Sound Transit station in Shoreline.
Where is this commercial land located?
The property is located at 18516 8th Ave NE Shoreline, WA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Steps from the upcoming Sound Transit 185th St Light Rail Station (Aug 31, 2024).; High‑density MUR70 zoning allows for development up to 140 feet.; Potential to combine with 6 adjacent parcels (79,732 SF total) for a larger development.
