720 Lake Forest Park

VALUE IN LAND — Exceptional MUR-35 development opportunity in Shoreline’s most active townhome corridor. Two-parcel offering totaling ~21,993 SF: primary lot 20,052 SF plus adjoining 1,941 SF rear access strip to NE 182nd St. Flat, buildable site with sewer, water & electric on-site — no utility extension required. MUR-35 zoning opens the door to exceptional development potential — townhomes, duplexes, ADUs, and small-scale multifamily all permitted by right on one of Shoreline’s most compelling infill sites. Neighboring lots at roughly half the size have already yielded 7 units, underscoring the remarkable opportunity this two-parcel offering presents. Located in a proven development corridor on one of Shoreline’s most sought-after infill blocks. Shoreline’s January 2025 development code update further strengthens the case for MUR-35 sites, expanding density allowances and streamlining pathways for attached housing types. Rear access strip to NE 182nd St provides a site configuration advantage that is exceptionally rare at this price point — enabling the rear-loaded garage design that Shoreline’s design review process favors and that the market demands. Buyer to verify all development potential with City of Shoreline.