Prime investment opportunity in Shoreline with highly sought-after MUR70 (7 stories) zoning with city incentives for an affordable housing development. Located in the heart of Shoreline and a few blocks from the new light-rail station, I-5, Hamlin Park, Jackson Park golf course and Shoreline High School makes this a centralized and optimal location. The large lot size offers strong future investment potential, while the existing move-in ready home provides flexibility for investors to rent out or a primary home for owners who can secure land value for future developers to pursue. Current home is situated on a well-maintained landscaped lot and offers 3 bedrooms, 2 bathrooms and approx 1,360 square feet. Rare versatile four car detached garage in the back offers options for storage, shop or home office. Large lot size offers future potential to sell to developers for significant value and a great return on investment. Recent developer assemblage quotes of $135-140 per land square foot, this lot is 10,141 sq ft giving a potential 30-40% future return. A unique and intriguing investment opportunity that doesn't come around often. Multiple neighboring homes have an option to be grouped in a developer assemblage for future purchase. Buyer to verify all to their satisfaction. All showings to be scheduled by a licensed real estate agent, please don't disturb the owner.
Bath Off Primary Dining Room Jetted Tub Water Heater
Property
Lot Features
Paved Value In Land
Site Features
Deck Outbuildings RV Parking Shop
Appliances
Terms
3rd Party Approval Required)
No
Bank Owned (REO)
No
Complex FHA Availability
Unspecified
Potential Terms
Cash
Utilities
Energy
Electric
Sewer
Sewer Connected
Water Source
Public
Additional Info
Waterfront
No
Air Conditioning (A/C)
No
Buyer Broker's Compensation
2%
MLS Area #
Area 720
Number of Photos
37
Last Modification Time
Tuesday, May 12, 2026 10:23 AM
System Listing ID
5551435
Update Info
First For Sale
2026-05-06 14:14:56
Listing details based on information submitted to the MLS GRID as of Tuesday, May 12, 2026 10:23 AM.
All data is obtained from various
sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing information is provided by the listing agent except as follows: BuilderB indicates
that our system has grouped this listing under a home builder name that doesn't match
the name provided
by the listing broker. DevelopmentD indicates
that our system has grouped this listing under a development name that doesn't match the name provided
by the listing broker.