$2,200,000
For Sale

18516 8th Avenue NE

Shoreline, WA 98155
Listing OfficeWindermere R.E. Shoreline
Type:Purchase
Structure:Land
Zone:Residential

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.

  • Property Details
      • Lot DescriptionCorner Lot, Paved
    • Measurements
      • Acres0.2695
  • Construction Details
      • Style42 - Multi-Family
      • Property TypePurchase
  • Utilities / Energy Details
      • Utility FeaturesElectricity Connected, Natural Gas Available
      • Sewer InformationOn Property
      • Utility SourceOn Property
  • Community and Neighborhood Details
      • SubdivisionNorth City
    • Location
      • School DistrictShoreline
      • CountyKing
  • Financial Details
      • Original List Price$2,200,000
      • Taxes Annual$11,167
      • Days on Market (Cumulative)94
  • Other
      • MLS #2278911
Zaffer LaljiReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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