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1228 NE 180th St - Shoreline Land For Development 0.53 Acres of Commercial Land Offered at $3,978,372 CAD in Shoreline, WA 98155

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INVESTMENT HIGHLIGHTS

Level Lots with 179' of Easy Access Street Frontage
Exit value per townhome of $850-900K

Yield of 16+ townhomes w/Private Garage

EXECUTIVE SUMMARY

Sold as a package (Tax IDs: 616390-0412, 616390-0414 & 616390-0415). Approx span of 180' X 128' (Aggregate SF +/-23,000). This unique opportunity estimates a yield of approximately +/- 16 townhomes. The value lies in the land & location. Close to North City Business District on 15th Ave NE & close to major freeways, light rail station, schools, churches & vibrant amenities. This thriving community is leading the transformation to an urban metropolis. Existing homes are "lease-ready" condition. Buyer to verify all information. Evaluate from Street - please do not disturb owners or tenants. No Keybox, do not walk on property. Please use discretion when driving by. 1216 tenant occupied. 1222 & 1228 are owner occupied. Tours available for qualified buyers only. Properties are in good, rentable condition while obtaining permits and entitlements. Use CBA- PSA for each individual property uploaded in NWMLS. Preliminary title opened with Fidelity: 611345274, 611345275 & 611345276.

Shoreline Assemblage NE 180th Property Sign

Shoreline Assemblage OM - 10 2025

Offering Memorandum
Title and Insurance

PROPERTY FACTS

Price	$3,978,372 CAD	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Mixed Use Multifamily Apartment Units Apartment Units - Condo Apartment Units - Dorms Apartment Units - Senior Apartment Units - Subsidized Planned Unit Development Single Family Development Single Family Residence
No. Lots	1	Total Lot Size	0.53 AC
Property Type	Land
Zoning	MUR 35 - Provide for a mix of predominantly multifamily development ranging in height from 35'-70' in appropriate locations.

Price	$3,978,372 CAD
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Mixed Use Multifamily Apartment Units Apartment Units - Condo Apartment Units - Dorms Apartment Units - Senior Apartment Units - Subsidized Planned Unit Development Single Family Development Single Family Residence
Total Lot Size	0.53 AC
Zoning	MUR 35 - Provide for a mix of predominantly multifamily development ranging in height from 35'-70' in appropriate locations.

1 LOT AVAILABLE

Lot

Price	$3,978,372 CAD	Lot Size	0.53 AC
Price Per AC	$7,530,759.29 CAD

Price	$3,978,372 CAD
Price Per AC	$7,530,759.29 CAD
Lot Size	0.53 AC

VALUE IN LAND! Three (3) lot assemblage fronting NE 180th Street & Zoned MUR-35. Less than 1 mi from 185th Street Light Rail Station. Yield of 16+ townhomes. Level. 179' of Street frontage. Approx span of 180' X 128' (Aggregate SF +/-23,000).

DESCRIPTION

Three (3) lot assemblage fronting NE 180th Street & Zoned MUR-35. Less than 1 mi from 185th Street Light Rail Station. Sold as a package (Addl Tax IDs: 616390-0414 & 616390-0415). Approx span of 180' X 128' (Aggregate SF +/-23,000). This unique opportunity estimates a yield of approximately +/- 16 townhomes. The value lies in the land & location. Close to North City Business District on 15th Ave NE & close to major freeways, light rail station, schools, churches & vibrant amenities. This thriving community is leading the transformation to an urban metropolis. Existing homes are "lease-ready" condition. Buyer to verify all information.

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