14555 8th Ave NE - 9 Parcel Assemblage -Urban Living on the Rail 1.85 Acres of Residential Land Offered at $13,000,000 in Shoreline, WA 98155

Light Rail Station Development Opportunity: 1 Block East of the Shoreline South/148th St Station Transform a Prime Location into a Thriving Development Attn: Developers & Investors Seize this exceptional opportunity to acquire a premier 1.85 AC land assemblage assemblage ideally positioned at the heart of the growing Ridgecrest neighborhood. This property boasts a strategic location to the 148th St Light Rail Station, offering unparalleled accessibility and fostering a vibrant light rail village atmosphere. Key Highlights: Strategic Location: The property fronts both 6th & 8th Ave NE, with easy access to the Shoreline South/ 148th St Light Rail Station. This prime location guarantees exceptional visibility, high foot traffic, and convenient access for residents and visitors. High-Density Zoning: MUR-70 zoning allows for the development of a high-rise project reaching up to 7 stories. This flexibility empowers you to create a transformative mixed-use development that caters to the diverse needs of the community. Large Development Site: Encompassing approximately 1.85 acres (80,465 SF total land area), this impressive site offers ample space to bring your development vision to life. The buildable square footage of 66,876 SF allows for a substantial project that can significantly impact the surrounding area. Mixed-Use Potential: Capitalize on the growing demand for mixed-use developments. The property presents an ideal opportunity to incorporate a grocer or similar ground floor retail component, fostering a vibrant community hub and attracting residents. Upper floors can be designed for high-density residential units, catering to the growing demand for convenient and well-connected living spaces. Fast-Track Development: This property is meticulously prepared for a streamlined development process. The sellers have already organized the nine parcels with a signed memorandum of understanding, eliminating potential delays and hurdles. A preliminary feasibility study is complete, featuring a proposed 381-unit plan and a massing study that provides a strong foundation for further development planning. Immediate Income Potential: The existing homes on the property, totaling 11,430 livable SF, are currently in "lease-ready" condition. This presents an opportunity to generate immediate income while development plans progress, maximizing the return on investment. Don't Miss Out on This Lucrative Opportunity! This property offers a rare chance to develop a transformative mixed-use project in a prime location with exceptional accessibility and high development potential. The light rail station creates a built-in customer base and fosters a vibrant community atmosphere, while the high-density zoning allows for a substantial and impactful development. Offering Memorandum Available: Contact us today for a comprehensive offering memorandum that dives deeper into the property details, feasibility study, and development potential. We are confident that this exceptional opportunity will attract the interest of forward-thinking developers and investors seeking to capitalize on a dynamic and growing market. Contact Information: Chris Haynes Managing Broker Windermere Real Estate/Shoreline Direct or Text: 206-353-0134 Office: 206-546-5731 Email: chaynes@windermere.com J.C. GAGNAIRE Managing Broker Windermere Real Estate/Shoreline Direct or Text: 206-769-5671 Office: 206-546-5731 Email: jcg@windermere.com