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    18522 8Th Ave Shoreline, WA 98155

    Sponsored
    For Sale
    $2,200,000

    Prime 13,569 SF lot, near light rail.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 13,569 square foot parcel presents a remarkable investment opportunity in Shoreline, Washington. Located at 18522 8th Ave NE, 98155, this property is ideally situated steps away from the Sound Transit 185th Street Light Rail Station, slated to open August 31, 2024. The MUR70 zoning allows for significant development potential, with the City of Shoreline programs permitting buildings up to 140 feet in height. This prime location, combined with the upcoming light rail station, ensures high foot traffic and strong business prospects. The property's convenient access to Seattle further enhances its appeal. This parcel is one of seven adjacent parcels totaling 79,732 square feet, all currently listed for sale, presenting the possibility of acquiring a larger contiguous development site. The existing infrastructure on 8th Ave NE and 185th St offers cost savings for development. The asking price of $2,200,000 reflects the value of this single parcel. The potential for a 400+ unit multifamily building addresses the area's growing housing demand. Existing homes on the property offer immediate rental income potential. The APN is 3235100255. This is a ready-to-develop site poised for significant appreciation upon the light rail station's opening.

    Property Features for 18522 8Th Ave

    General Information

    Property type
    Land

    HighLights

    • $2,200,000 asking price.
    • 13,569 square foot land parcel.
    • MUR70 zoning.
    • Located at 18522 8th Ave NE, Shoreline, WA 98155.
    • Steps from the Sound Transit 185th St Light Rail Station (opening August 31, 2024).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Shoreline
    County
    King
    State
    Washington
    Longitude
    -122.3215720406
    Latitude
    47.76404252199

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    FAQs

    What type of property is this?
    Land - Prime 13,569 SF lot, near light rail.
    Where is this land located?
    The property is located at 18522 8Th Ave 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: $2,200,000 asking price.; 13,569 square foot land parcel.; MUR70 zoning.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    18522 8Th Ave Shoreline, WA 98155
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