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$6,000,000   Price Analysis
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18510 18522 8th Ave NE
Shoreline, WA 98155
Unknown bed 0 bath unknown SqFt ($0/SqFt)
0.81 acre lot.
Listed 2022-08-15
Ⓧ USDA Ineligible
due to property

near Shoreline

Prime Opportunity: 3-Lot Assemblage

35, 000+ SF (.81 Acres) in MUR70 zoning, steps from 185th St Light Rail station (2025). Mixed-Use Residential with potential for 70 feet, possibly 80 feet building heights via City of Shoreline DGIP Program. Sold as a package (Additional Tax IDs: 3235100260 and 3235100255).

Potential for 200 residential units, retail/office space, fitness center, courtyard and lobby. Developer-friendly terms. Recent STS drainage upgrade adds value and reduces expenses. Plus, nte that a multi-family development project is well under way across t he street. Capitalize on a prime location.


Presented by J.C. Gagnaire at
Windermere R.E. Shoreline.
Listing Agent Photo

Property MLS #1982979 from NWMLS

Lot Description: Corner Lot, Paved Street
Lot Size Acres: 0.8085
Topography: Level
Lot Size Square Feet: 35218

Roads: Paved
Road Surface Type: Paved

High School District: Shoreline

Ridgecrest Elementary School is a public elementary school located approximately 1 miles away.
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Kellogg Middle School is a public middle school located approximately 1.5 miles away.
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Shorecrest High School is a public high school located approximately 1.8 miles away.
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North Seattle French School is a private elementary school located approximately 0.3 miles away.
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Calculated Total Monthly Association Fees: 0

Source Listing Status: Active
Country Region: US
County: King
Directions: From I-5, 175th St Exit, East on NE 145th St, North on 5th Ave NE, East on NE 185th St, At 1st cross street, North onto 8th Ave NE. First 4 houses across the street from the future light rail station.
Source Property Type: Vacant Land
Possible Use: Commercial, Multi-Family, Office, Retail
Area: 720 - Lake Forest Park
List Development Name: North City
Source Neighborhood: North City
Parcel Number: 3235100265
Postal Code Plus 4: 2203
Street Suffix Modifier: Avenue
Subdivision: North City
Zoning: Commercial, MultiFamily,
Zoning Description: MUR70
Source System Name: C2C
Buyer Agent Commission: 2%

Price Changed 2023-08-15
$6,000,000
NWMLS
Listed 2022-08-15
$7,700,000
NWMLS

Electric: On Property
Electric On Property: Yes
Gas: On Property
Sewer: On Property
Gas
Electricity Connected
Water Source: On Property

Building Area Units: Square Feet
Building Name: Hemlock Acres Add
Living Area Units: Square Feet
Structure Type: Multi Family
House Style: Multi-Family
Elevation Units: Feet
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.