MLS #2543169 / Listing provided by NWMLS & Pacific Properties.
$998,000
3610 NE 197th Street
Lake Forest Park,
WA
98155
This 18,540 sf Lk Forest Park property presents a rare opportunity to acquire a generous parcel of land w/future development potential. The expansive lot is the true centerpiece of this offering, providing ample space for a variety of dev. possibilities, expansion plans, or long-term investment strategies, subject to buyer verification of zoning & municipal requirements. The size/layout of property offer flexibility that's becoming increasingly difficult to find, making it especially appealing to developers & investors. Whether your vision includes adding multiple DADUs, subdivision opportunities, custom constr. or a strategic land hold, the property's value is firmly rooted in its development potential. Adding to the appeal is the existing 4 bed/2.5 bath home, which provides an immediate source of rental income while development plans are explored. Rather than being the primary focus, the residence serves as a valuable holding asset that can generate cash flow & help offset ownership costs during the planning and entitlement process. This creates an attractive combo of current income & future upside. For buyers who recognize the increasing scarcity of developable parcels, this property offers the opportunity to secure land today while maintaining income-producing use of the existing home. The combination of location, usable land & redevelopment potential makes this a compelling investment for property's long-term value. (Back section of lot is fenced separately & unused)
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Open House Schedules
19
3 PM - 6 PM
20
1 PM - 4 PM
Bedrooms
- Upper Level Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: No
- Cooling: No
Parking
- Garage: Yes
- Parking Features: Garage
Lot Details
- Lot Features: Cul-De-Sac, Dead End Street, Open Space, Paved
- Acres: 0.4256
Schools
- High School District: Shoreline
- High School: Shorecrest High
- Middle School: Kellogg Mid
- Elementary School: Lake Forest Park Ele
Lot Details
- Lot Features: Cul-De-Sac, Dead End Street, Open Space, Paved
- Acres: 0.4256
Water, Sewer, and Garbage
- Sewer: Available, On Property
- Water Source: On Property, See Remarks
Details Home Team
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