14544 5Th AveShoreline, WA 98155

Property Details for 14544 5Th Ave

Property size (Sq ft)

1,070 SF

Property type

Other commercial real estate

Property subtype

Other retail properties

Description

This exceptional 1,070 sq ft mixed-use property at 14544 5th Ave NE, Shoreline, WA 98155, presents a unique investment opportunity. Situated on a 7,440 sq ft lot (APN 7568700810), this fully occupied building boasts a blend of executive office and apartment building spaces, currently operating under a gross lease with single tenancy. The property is zoned MUR-70, allowing for the development of up to 7+ stories, encompassing a variety of commercial, residential, and multi-family uses. The location benefits from its proximity to Shoreline's new 145th Street Light Rail Station subarea, enhancing its accessibility and appeal. The existing structure, comprising a house and garage in excellent condition, provides immediate income potential. City incentives for affordable housing development are also available. An adjacent 7,440 sq ft parcel to the north is available for separate purchase, presenting further expansion possibilities. This is an ideal opportunity for investors seeking a high-return property with significant development potential in a rapidly growing area. The asking price is $1,200,000.

Location Insight

City

Shoreline

County

King

State

Washington

Latitude

47.7355

Longitude

-122.324

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