This exceptional 0.13-acre mixed-use property at 1234 NE 145th St, Shoreline, WA 98155, is offered at $695,000. The 3,508 square foot building sits on a fenced lot and is currently 100% occupied. The property presents a unique opportunity for investors seeking a quick sale and significant upside. Currently zoned for mixed-use, future zoning of MUR-70 (mixed-use residential) allows for development up to seven stories, as detailed in the 145th St Station Subarea Planned Action. A variety of uses are permitted, including business, office, and residential, subject to city approval. The property is ideally situated near public transit, offering convenient access to the surrounding area. While the building requires cosmetic updates, its potential for significant renovation or redevelopment is substantial. A 2024 as-built drawing is available. The sale is as-is/where-is, and the asking price reflects a desire for a fast closing. Buyers are responsible for verifying the building and lot size with the city and confirming permitted uses. A new sign is forthcoming.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$501,347
6.5%
$462,782
7%
$429,726
Comparable approach
Method
Valuation
Relative Method
$498,516
Geo Method
$315,831
Alternative Use
Use
Valuation
Industrial / Distribution
$939,554
Retail / Commercial
$476,231
Mixed-Use / Specialty
$470,145
Hospitality / Lodging
$339,218
Institutional / Educational
$487,193
Residential Income
$570,016
Multifamily
$707,971
Automotive / Energy
$417,594
Parking / Income-Based Land
$148,442
Restaurant / Food Service
$235,162
Healthcare / Senior Housing
$486,624
Location Insight
City
Shoreline
County
King
State
Washington
Latitude
47.7342
Longitude
-122.314
CBSA code
42660
CBSA name
SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
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145Th St Shoreline, WA 98155
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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