Woodinville Multi-Family Development Site
Multifamily Development | 161 Units
Marketing description
This 1.13-acre development site in the heart of City of Woodinville is fully entitled and approved for 161 units, allowing you to skip years of permitting - with the heavy lifting already done. The development site spans across five contiguous lots consisting of a strong multifamily submarket demand drivers with high desirable community in the city. Woodinville is consistently ranked as Washington’s best place to live, offering a wealthy resident base and easy access to major employers like Microsoft, SpaceX, and the Bothell University of Washington and biotech hub. With a massive shortage of housing in the area and quick access to I-405, this project is perfectly positioned to meet the high demand for luxury living. This is a rare, high-reward opportunity to enter a top-tier market with all the heavy lifting already finished.
Investment highlights
- Entitled 161 Residential Units with On-Site Covered Parking
- The Site is located in the Old Town District in the City of Woodinville Comprising of an entire block of Commercial Business District Zoning
- Approved Development Agreement (Expires September 9, 2029) with the City King Co. Record #20190924000735
- Development Site Qualifies for MFTS (Multi-Family-Tax-Exemption)
- 49,680 Gross Land area, 49,205 SF Less ROW Dedication
- Approved Development: (161) residential units, 235,314 SF Gross Building Area, (230) parking spaces, 15,702 SF retail area (possible reduction), 8,551 SF office area (possible reduction/elimination)
- The Woodinville City Council approved on March 17, 2026 a proposed 19-acre development called Midtown Woodinville, which include 1,300 housing units, a 200 room-hotel and nearly 90,000 square feet of retail and restaurants and office space. This project is only .7 miles from the subject Multi-Family Development site.
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