Shoreline TOD Multi-Family Development

2354 N 148TH ST, SHORELINE, WA 98133-6714, USA

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NXNW Real Estate is excited to present for sale Shoreline TOD Development Assemblage (the "Property") with a total land area of 163,749 square feet (3.78 acres). The Transit-Oriented Development (TOD) site with 20 parcels located is in Shoreline, Washington. Located a short distance from Shoreline South/148th St Station opening on August 29th, 2024.

Gallery

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Location Highlights

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  • The Property is well located in Shoreline, Washington, the city adjacent to Seattle, one of the fastest-growing employment centers since 2010.
  • Positioned west of the Shoreline South/148th St. Station, opening August 29th, 2024 that will enable commuters to reach the major employment centers of Seattle. In 2025, riders can travel to Bellevue and Redmond.
  • The pedestrian overpass, currently under construction, will provide a path less than 1,000 feet to the train platform.
  • Excellent site geometry with the assemblage running 603 ft East/West and 272 ft North/South.
  • MUR-45 zoning allows for a variety of uses in short supply: townhomes, apartments, and mixed-use along main arterials such as 1st AVE NE which borders the assemblage east boundary.
  • Conveniently located four blocks north of the 145th/Interstate-5 on-ramp for quick access to north and southbound lanes.
  • Many large developers have built projects in Shoreline, such as Shea Properties, Evergreen Point, Pulte Homes, Intracorp, Trammell Crow, and Mill Creek.

Massing Study Rendering

*Massing Study available by request

450+ Apartment Units with Parking

About MUR-45 Zoning

The City of Shoreline upzoned over 300 acres starting in 2015 and will continue to expand the upzoned areas through 2031. There are three different types of Mixed-Used Residential (MUR) zoning types in Shoreline.

MUR-45 zoning allows buildings as high as 45’, including row houses, townhomes, and apartments. Commercial uses are also permitted, including live/work lofts, ground-floor commercial with residential units above, and professional offices.

Shoreline is an enticing area for developers to build on assemblages of upzoned parcels. The city is Seattle's closest neighbor to the north yet a smaller municipality with a vested interest in growth and redevelopment for more density and accessibility.

Property Options

Options include apartments, live/work mixed use, and townhomes.

Apartments
Live/Work
Townhomes

About this photo.

2019 Sound Transit Light Rail Flyover

Digital Flyover of the Lynnwood Link Extension of the light rail along Interstate 5 starting in Northgate. Four new transit stations will be completed in 2024 including Shoreline North/148th Street Station and Shoreline North/185th Street Station.

Contact Us

Paul Portrait
Steve Portrait

Paul Hanken

Managing Broker
206-557-0100
[email protected]

Steve Clark

CRE Broker
206-355-5224
[email protected]