18318-18340 3rd Ave NE | Shoreline, WA 98155
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18318-18340 3rd Ave NE
Shoreline, WA 98155
Shoreline TOD Site · Land For Sale · 1.94 AC
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
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 1.94 AC |
| Property Type | Land |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 1.94 AC |
1 Lot Available
Lot
| Price | $16,602,895 CAD | Lot Size | 1.94 AC |
| Price Per AC | $8,558,193 CAD |
| Price | $16,602,895 CAD |
| Price Per AC | $8,558,193 CAD |
| 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.
zoning
| Zoning Code | MUR-70 (To provide for a mix of predominantly multifamily development ranging in height from 35 feet to 70 feet) |
| MUR-70 (To provide for a mix of predominantly multifamily development ranging in height from 35 feet to 70 feet) |
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