16325 5th Ave NE

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Address: 16325 5th Ave NE, Shoreline, WA 98155, USA

Seattle & Northwest + Apartment Buildings

Created date: August 12, 2024

Date last updated: December 2, 2024

Large, flat rectangular parcel that is highly sought after by high density multifamily developers and investors.
Potential in place income to offset carrying costs during entitlement process.
Close to efficient public transportation, Shoreline schools and parks.
Established neighborhood area (vs. Hwy 99 high density corridor).
Link Light Rail connections at 145th and 185th scheduled to be completed in 2024.

Property Description

The Andover Company is pleased to offer the Sale of the Black Brandt Property (Shoreline Redevelopment Site), located at 16325 5th Ave NE, Shoreline, WA. The property sits on 2.59 Acres (112,791 SF) and consists of one free standing concrete block (CMU) building totaling approximately 24,020 square feet that is currently being used as a service industrial facility for MV Public Transportation. The site is fenced and paved, except for a portion on the southwest side of the building. MV uses the majority of the site for bus and other public transportation vehicle parking. Located at 165th and 5th NE, the Black Brandt Property is less than 1 mile north of the new Link Light Rail Park and Ride at 145th Street & Interstate 5. A bus stop (#347) is located adjacent to the site and is less than a 5 minute ride away from both bus and future Link connections. By car, this mass transit depot is approximately 2 minutes away. There are also designated bike lanes both north and south along 5th Avenue NE. There is ingress/egress on both 5th Avenue NE and 165th.

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Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
No. of Units:	600
Year Built:	1955
Lot Size:	113,816.00 Sq ft
Opportunity Zone:	No
Property Website	Click Here