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    14701 8Th Ave Shoreline, WA 98155

    For Sale
    $13,000,000

    Prime Shoreline land, light rail access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Exceptional development opportunity in Shoreline, WA, presents a 1.847-acre assemblage of nine parcels zoned MUR-70, allowing for up to seven stories. This prime location directly fronts 6th and 8th Ave NE, offering unparalleled access to the 148th St Light Rail station, creating a perfect light rail village opportunity. The site boasts an aggregate land area of 80,465 square feet, with 66,876 square feet buildable. A completed memorandum of understanding ensures seamless cooperation among sellers for a streamlined acquisition process. The property is ready for immediate design and permitting, with a preliminary feasibility study already completed, proposing a 381-unit development plan and massing study. Existing homes on the site are in lease-ready condition, offering 11,430 square feet of livable space, presenting potential for immediate income generation. The property is located at 14701 8th Ave NE, Shoreline, WA 98155 (APN 7568700665) and is offered at $13,000,000. Buyer is responsible for verifying all information to their satisfaction and intended use. This is a unique chance to capitalize on the burgeoning growth around the light rail, with potential for a ground floor retail component, such as a grocery store.

    Property Features for 14701 8Th Ave

    General Information

    Property type
    Land
    Lot Size
    80,455 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Shoreline
    County
    King
    State
    Washington
    Longitude
    -122.32084079
    Latitude
    47.73554081

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    FAQs

    What type of property is this?
    Land - Prime Shoreline land, light rail access.
    Where is this land located?
    The property is located at 14701 8Th Ave Shoreline, WA.
    What is the asking price?
    The asking price for this property is $13,000,000.
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    14701 8Th Ave Shoreline, WA 98155
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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
    14701 8Th Ave Shoreline, WA 98155
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