1234 145Th StShoreline, WA 98155

Property Details for 1234 145Th St

Year built

1949

Construction

WOOD

Lot size

0.13 AC

Property size (Sq ft)

1,640 SF

Zone code

CB

Property type

Office properties

Property subtype

Office buildings

APN

663290-0015

APU

6632900015

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $442,365

  6.5%

  $408,337

  7%

  $379,170

• Comparable approach

  Method

  Valuation

  Relative Method

  $498,516

  Geo Method

  $315,831

• Alternative Use

  Use

  Valuation

  Residential

  $506,338

  Hospitality

  $463,803

  Educational

  $385,878

  Medical

  $399,149

  Retail

  $600,255

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

Property Tax & Assessments

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