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Listed by:Windermere Real Estate/CIR • Kevin Flynn

$999,000

Est. payment - /mo

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10,141 Sqft Lot

Open Sat 12PM-2PM

14555 8th AVE NE Shoreline, WA 98155

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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Ryan Born

ryan@born-realty.com +1(206) 498-0342

Open House

Sat May 16, 12:00pm - 2:00pm

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Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

Subdivision Ridgecrest

MLS Listing ID 2517445

Style 40 - Res-Less thn 1 Ac

Annual Tax Amount $1,688

Lot Size 10,141 Sqft

Lot Dimensions 60x 168

Property Sub-Type Land

Property Description

Prime investment opportunity in Shoreline with highly sought-after MUR70 (7 stories) zoning with city incentives for an affordable housing development. Located in the heart of Shoreline and a few blocks from the new light-rail station, I-5, Hamlin Park, Jackson Park golf course and Shoreline High School makes this a centralized and optimal location. The large lot size offers strong future investment potential, while the existing move-in ready home provides flexibility for investors to rent out or a primary home for owners who can secure land value for future developers to pursue. Current home is situated on a well-maintained landscaped lot and offers 3 bedrooms, 2 bathrooms and approx 1,360 square feet. Rare versatile four car detached garage in the back offers options for storage, shop or home office. Large lot size offers future potential to sell to developers for significant value and a great return on investment. Recent developer assemblage quotes of $135-140 per land square foot, this lot is 10,141 sq ft giving a potential 30-40% future return. A unique and intriguing investment opportunity that doesn't come around often. Multiple neighboring homes have an option to be grouped in a developer assemblage for future purchase. Buyer to verify all to their satisfaction. All showings to be scheduled by a licensed real estate agent, please don't disturb the owner.

Location

State WA

County King

Area 720 - Lake Forest Park

Interior

Fireplace false

Exterior

Utilities Available Electricity Connected, Natural Gas Available

View Y/N No

Garage Yes

Building

Lot Description Paved

Sewer On Property

Water On Property

Schools

School District Shoreline

Others

Senior Community No

Acceptable Financing Cash

Listing Terms Cash

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Mortgage Calculator

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Breakdown

Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.

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Ichi Bento

17203 15th Ave NE, Shoreline, WA 98155

Japanese Phone: 206-363-1663

Educational Environment

Elementary Schools (1)

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