Property Details

NEW PRICING with up to $500k in Seller Credit towards offsite development!!The Emerald Pointe Multi-Family development presents an exceptional opportunity for developers to create a transformative multifamily community in the heart of Burien, WA. This 9.58-acre site is uniquely positioned to capitalize on Burien's growing population, housing demand, and connectivity to major employment hubs. With its prime location, flexible zoning, and development-ready potential, Emerald Pointe is set to become a key asset in the region’s housing landscape.Property Highlights:-Site Address: 13249 12th Ave. SW, Burien, WA 98146-Current Zoning: R4 (Medium-Density Residential)-Offering Price: $6,000,000 ($14.37/SF)-Lot Size: 9.58 Acres (417,513 SF)-Height Allowance: 35’ with an affordable housing density bonus up to 45’-Existing Improvements: Partial land clearing/ grading, a retaining wall for elevation management, and a gravel road for enhanced site accessibility and preliminary infrastructure.Development Potential (*Buyer to Verify*) :-Up to 357 dwelling units capable of housing over 1,200 residents. Potential configuration: 43 lots, including:-33 lots with 9-unit buildings.-10 lots with 6-unit buildings.-Includes options for tuck-under parking to optimize land use.Innovative Design Features:-Zero Lot Lines: Limited to one per lot for maximum space efficiency.-Shared Access Easements: Facilitates accessibility with minimal space usage.-Critical Area Study: Available upon request.Proximity and Accessibility:-Strategic Location: Direct trailhead access to Seahurst Waterfront Park and Salmon Creek Ravine Trails.-Excellent connectivity through RapidRide H Line and Link Light Rail expansions.-Short commute to major employment hubs, including Sea-Tac International Airport, Amazon, and Boeing.Emerald Pointe represents an unparalleled development opportunity to create a community that blends natural beauty, modern living, and strategic convenience to meet Burien’s housing needs and maximize investment potential.