18510 8Th Ave Ne Shoreline, WA 98177

This exceptional 9,910 square foot parcel presents a remarkable investment opportunity in Shoreline, Washington. Located just steps from the Sound Transit 185th Street Light Rail Station, slated to open August 31, 2024, this property is ideally positioned to capitalize on the anticipated surge in value and increased foot traffic. The property is zoned MUR70, allowing for high-density development with potential building heights up to 140 feet, as per City of Shoreline programs. This presents a unique chance to develop a substantial multifamily project, potentially exceeding 400 units, to meet the area's growing housing demand. The site benefits from existing infrastructure on 8th Ave NE & 185th St, minimizing development costs. Furthermore, this parcel is one of seven contiguous parcels totaling 79,732 square feet, all currently listed for sale, offering the potential for a large-scale, coordinated development. The asking price of $1,700,000 reflects the value of this individual parcel. Its proximity to Seattle and the upcoming light rail station makes this a truly compelling investment with significant long-term potential. The property's address is 18510 8th Ave NE, Shoreline, WA 98155, and its APN is 3235100265.