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17279739
17279738

2354 N 148th St, Shoreline, WA 98133

SC
WA WA 123705
CFRE | Commercial Real Estate
Listed by CFRE | Commercial Real Estate
Unpriced
795 days on market
Updated 58 days ago

Twin Ponds TOD Assemblage - 3.78 acres

Details
APN 180390-0090 180390-0085 288170-0585 288170-0580 180390-0035 180390-0040 180390-0045 180390-0080 180390-0050 180390-0075 180390-0055 180390-0070 180390-0060 180390-0065 288170-0583 288170-0573 288170-0584 288170-0571 288170-0572 288170-0570
Property Type Land
Sub Type Commercial
Broker Co-Op No
Acreage 3.780
Zoning MUR-45

20-parcel assemblage

Marketing description

Properties are occupied. Do not disturb tenants.

Shoreline South/148th St. Station: Zoned MUR-45 (Mixed-Use Residential to 45 feet high), this is a 20-parcel Transit-Oriented Development (TOD) site for sale. The total land area is 163,749 square feet (3.78 acres).
The area is primed for redevelopment in tune with the highly anticipated Shoreline South/148th Station, which will open on 8/29/2024. A pedestrian overpass, currently under construction, will provide a short path to the transit platform.

The site is adjacent to Twin Ponds Park, which has pickle/tennis courts, a playground, a picnic area, and a turf field.
Many townhomes have been built in the area, with new apartment buildings coming online in 2024 and 2025.
Located immediately north of the Seattle city limits, Shoreline has excellent economic opportunities to support population growth. Residents will connect to employment centers throughout King County via a robust transit network. Shoreline South to Seattle in 20 minutes. In 2025, riders can get to Bellevue in 40 minutes. For drivers, the I-5 on-ramp is located only a few blocks SE of the property for quick access to north or southbound lanes.
The City of Shoreline is an enticing area for developers to build on assemblages of up-zoned parcels. It is next to Seattle yet a smaller municipality with an interest in growth and redevelopment.

Investment highlights

+ Transit-Orientated Development (TOD) zoned MUR-45 (up to 45' high and no FAR limit)

+ Located west of the Shoreline South/148th St Station opening August 29th, 2024.

+ The pedestrian overpass, currently under construction, will provide a path less than 1,000 feet to the train platform.

+ The entire block is for sale, and owners are contractually bound to sell together.

+ Many large developers have built projects in Shoreline, such as Shea Properties, Evergreen Point, Pulte, and Intracorp.

Listing Contacts

SC
WA WA 123705
CFRE | Commercial Real Estate
Listed by CFRE | Commercial Real Estate

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Additional Information

Name
Steve Clark, CCIM
License
WA 123705
Brokerage
CFRE Commercial Real Estate
Brokerage Phone
2063555224
Title
Real Estate Broker
Brokerage Address
10940 Northeast 33rd Place
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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