18516 8th Avenue NE Shoreline, WA 98155

Active (135 Days)

$2,200,000

0.27

ACRES

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Description

Prime 11,739 SF parcel steps from Sound Transit 185th St Light Rail Station (Aug 31, 2024). Surrounded by 6 parcels (79,732 SF total) listed for sale, rapidly developing MUR70-zoned area. Ideal for foot traffic and business with the upcoming station. Unlock development potential with up to 140' feet allowed per City of Shoreline programs. Convenient access to Seattle. Anticipate value surge with imminent station opening. Combine some or all 7 parcels for significant development. Construct a 400+/- unit multifamily building to meet the growing demand in the area. Ready-to-go infrastructure on 8th Ave Ne & 185th St saves on development costs. Existing homes offer immediate rental income. Listed price reflects this one parcel.

MLS #:
2278911

Taxes
$11,167(2024)

Lot Size
0.27 acres

Type
Land

Building Name
Hemlock Acres Add

Style
Multi-Family

School District
Shoreline

County
King County

Community
North City

Listed By

JC Gagnaire, Windermere Real Estate/Shoreline
Chris Haynes, Windermere Real Estate/Shoreline

Source
Northwest MLS as distributed by MLS Grid
Last checked Dec 30 2024 at 4:15 PM GMT+0000

Bathroom Details

Subdivision

North City

Lot Information

Paved
Corner Lot

Property Features

Fireplace: 0

Utility Information

Utilities: Natural Gas Available, Electricity Connected
Sewer: On Property

Additional Listing Info

Buyer Brokerage Compensation: 2%

Buyer's Brokerage Compensation not binding unless confirmed by separate agreement among applicable parties.

Location

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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price

Down payment

Interest rate

Mortgage calculator estimates are provided by Windermere Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.

Disclaimer: Based on information submitted to the MLS GRID as of 12/30/24 08:15. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.