
Twin Ponds TOD Assemblage - 3.78 acres
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.
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