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16504 3rd Ave SW 2.67 Acres of Commercial Land Offered at $3,724,002 CAD in Burien, WA 98166
Investment Highlights
- MU-2 zoning supports high-density residential development.
- Building heights up to 65 feet, with bonus height potential.
- Convenient access to SeaTac Airport and regional highways.
- Two-parcel assemblage offers development flexibility.
- Minimal setback requirements enhance site planning options.
- Accessible to Seattle, Tacoma, and Eastside employment centers.
Executive Summary
Prime 2.67-acre, two-parcel site in Burien zoned MU-2 offers flexible development. MU-2 zoning is City of Burien’s zoning for high-density multifamily residential land uses. The zoning allows a maximum height of 65’ (85’ with bonus) and no commercial requirements. The zoning also has no maximum lot coverage or impervious surface requirements, and minimal setbacks (0’-15’). Centrally located, this site is ideal for commercial, office, apartments, townhomes, senior living, or self-storage development, with ground lease option also available. Conveniently close to SeaTac Airport, Boeing, Amazon Fulfillment, and Westfield Mall, with connections to Seattle, Tacoma, and the Eastside via highways 509, 518, I-5, and 405.
Property Facts
| Price | $3,724,002 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 2.67 AC |
| Zoning | CC-2 - High-Density Multi-Family Residential land | ||
| Price | $3,724,002 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 2.67 AC |
| Zoning | CC-2 - High-Density Multi-Family Residential land |
1 Lot Available
Lot
| Price | $3,724,002 CAD | Lot Size | 2.67 AC |
| Price Per AC | $1,394,757.25 CAD |
| Price | $3,724,002 CAD |
| Price Per AC | $1,394,757.25 CAD |
| Lot Size | 2.67 AC |
Description
2.67-acre MU-2 zoned development site in Burien allowing high-density residential and mixed-use opportunities. Convenient access to SeaTac Airport, SR-509, SR-518, I-5, and major regional employment centers.
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $954,862 CAD | Total Assessment | $954,862 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$954,862 CAD
Improvements Assessment
$0 CAD
Total Assessment
$954,862 CAD
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16504 3rd Ave SW
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