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SAM WAYNE Vice President+1 206 515 4498 [email protected]
TIM McKAY Senior Vice President+1 206 223 5586 [email protected]
DAN CHHAN Senior Vice President+1 206 223 1265 [email protected]
15TH AVE NE
BALL
INGE
R WAY
NE
19TH AVE NE
North
BALLINGER WAYDEVELOPMENT SITE
20057 BALLINGER WAY NE & 20022 15TH AVE NE SHORELINE, WA 98155
BALLINGER WAY DEVELOPMENT SITE2
B A L L I N G E RDEVELOPMENT
Colliers International’s McKay | Chhan | Wayne presents a mid-rise development site off Ballinger Way in the City of Shoreline. The nearly 4 acre site currently consists of a single-tenant net leased Pagliacci Pizza, flex warehouse, office and large industrial yard. An opportunity exists for a developer to parcel off the Pagliacci pad, and redevelop the remaining 3.5 acres into approximately 270 units of market rate or senior housing. With 100 feet of frontage on Ballinger Way, as well as secondary access along 15th Ave NE, the site is easily accessible to Interstate-5, with both Northbound and Southbound ingress and egress at this intersection. Additionally, the site is walking to distance to grocery, retail and entertainment amenities located directly across the street.
PROPERTY SUMMARYAddress 20057 Ballinger Way NE & 20022 15th Ave NE
Shoreline, WA 98155
Parcel Number 741770-0075, 741770-0325
Zoning R-6, MB
Lot Square Feet 166,174
Lot Acres 3.81
PRICING SUMMARYPrice $7,000,000
Net Operating Income $203,000
Price/Lot SF $42
EXECUTIVE SUMMARY
COLLIERS INTERNATIONAL 3
B A L L I N G E RDEVELOPMENT
WALK SCORE 71
JUST 1 MILE FROM MOUNTLAKE TERRACE TRANSIT CENTER & FUTURE LIGHTRAIL STATION
BALLINGER DEVELOPMENT
SITE
THREE NEW DEVELOPMENTS IN CLOSE PROXIMITY
LOCATED IN A RETAIL CORRIDOR THAT ALSO INCLUDES MAJOR GROCERIES, GAS STATIONS, FOOD CHAINS AND OTHER NATIONAL RETAILERS
HIGHLY VISIBLE ON BALLINGER WAY AND 15TH AVE WITH MULTIPLE POINTS OF INGRESS AND EGRESS
EASY ACCESS TO I-5
BALLINGER WAY DEVELOPMENT SITE4
B A L L I N G E RDEVELOPMENT
4MINOne train every
during peak weekday commutes
NE 145TH STATION
UNIVERSITY OFWASHINGTON
DOWNTOWNSEATTLE
DOWNTOWNBELLEVUE
OVERLAKETRANSIT CENTER
SEATACAIRPORT
STADIUMS
20MIN
51MIN
27MIN
61MIN
60MIN34MIN
THE 145TH LINK LIGHT RAIL STATION will be located just northeast of I-5 at Northeast 145th Street, the elevated Shoreline South/145th Station connects to new Sound Transit SR 522/NE 145th Bus Rapid Transit service, which also starts in 2024. A parking garage with approximately 500 new spaces is part of the project.
Opens for service: 2024
EACH LINK CARCAN HOLD ... 4 bicycles4 wheelchairs Multiple suitcases
SHORELINE SOUTH/145TH STATION
NORTHGATE
10MIN
200 riders
COLLIERS INTERNATIONAL 5
B A L L I N G E RDEVELOPMENT
SAM WAYNEVice PresidentDirect: +1 206 515 [email protected]
TIM MCKAYSenior Vice PresidentDirect: +1 206 223 5586 [email protected]
DAN CHHANSenior Vice PresidentDirect: +1 206 223 [email protected]
This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, express or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this documents and excludes all liability for loss and damages arising there from. This publication is the
copyrighted property of Colliers International and/or its licensor(s). ©2019. All rights reserved.
