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18318-18340 3rd Ave NE - Shoreline TOD Site 1.94 Acres of Residential Land Offered at $11,500,000 in Shoreline, WA 98155
Investment Highlights
- Transit Oriented Development Opportunity
- Walking Distance to 185th Street Light Rail Station
- Potential to Build 365 Residential Units
- Rare Shy 2-Acre Site Zoned MUR-70*
- Off the Main Arterial Providing a Better Residential Experience
- 17 Minutes to Seattle CBD via Future Light Rail Line
Executive Summary
The proposed preliminary site plan by Caron Architects supports 365 residential units, 13,420 sq. ft. of ground floor retail with 408 parking stalls. The new building would also feature a massive 15,675 sq. ft. interior courtyard for resident leisure.
The Shoreline North/185th Link light rail station is located on the east side of Interstate 5, on the north side of NE 185th Street and will include an adjacent bus station and parking garage with approximately 500 stalls. The Light Rail Expansion, newly open for service, will bring with it economic development and rapid growth in population as businesses, jobs, and industries flock to the area.
The Shoreline North/185th Link light rail station is located on the east side of Interstate 5, on the north side of NE 185th Street and will include an adjacent bus station and parking garage with approximately 500 stalls. The Light Rail Expansion, newly open for service, will bring with it economic development and rapid growth in population as businesses, jobs, and industries flock to the area.
Property Facts
1 Lot Available
Lot
| Price | $11,500,000 | Lot Size | 1.94 AC |
| Price Per AC | $5,927,835.05 |
| Price | $11,500,000 |
| Price Per AC | $5,927,835.05 |
| Lot Size | 1.94 AC |
Westlake Associates, Inc. is pleased to exclusively offer for sale the Shoreline TOD Site. Just shy of 2 acres, this site boasts an 84,385 square foot lot zoned MUR-70 which allows for approximately 365 apartment units.
Description
Potentially, Buildings in this zone that provide a greater level of green building and affordability (among other requirements) could achieve a height of 140’, following a public process requiring notification a hearing, and Council approval.
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $4,000 | |
| Land Assessment | $4,115,000 | Total Assessment | $4,119,000 |
Property Taxes
Parcel Numbers
Land Assessment
$4,115,000
Improvements Assessment
$4,000
Total Assessment
$4,119,000
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18318-18340 3rd Ave NE - Shoreline TOD Site
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