Courtesy: Paragon Real Estate Advisors
206-623-8880
Brian Platt
The offering consists of two freestanding industrial buildings totaling 8,000 square feet (4,000 square feet each) on a 17,850 square foot lot zoned C1-75. Both buildings are of prefabricated metal construction with 18 foot clear heights and metal roofs, and are both occupied on separate net leases. The buildings were constructed in 1987. The site’s C1-75 zoning carries a 75 foot height limit, giving a future owner optionality beyond the current industrial use. The two building configuration, secured entry gate, and separately metered utilities also make the property well suited to an owner/user who wants to occupy one building and hold income from the second. Twenty open surface parking stalls serve the site, which sits within easy access to public transportation and close to restaurants, grocery stores, and other North Seattle services. The Midvale Industrial Buildings represent a rare opportunity to acquire a large, high-rise-zoned parcel in a premier urban location with both current income and transformative redevelopment upside. The combination of scale, zoning, transit access, and visibility makes this offering well suited for investors, developers, or family offices seeking a strategic foothold in one of Seattle’s oldest and most established neighborhoods.
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Shoreline is located in Washington. Shoreline, Washington has a population of 58,213. Shoreline is less family-centric than the surrounding county with 32.96% of the households containing married families with children. The county average for households married with children is 35.99%.
The median household income in Shoreline, Washington is $95,623. The median household income for the surrounding county is $106,326 compared to the national median of $69,021. The median age of people living in Shoreline is 41.7 years.
The average high temperature in July is 74.2 degrees, with an average low temperature in January of 37.1 degrees. The average rainfall is approximately 36.6 inches per year, with 4.6 inches of snow per year.
