11929 100 Avenue NE

Land

11929 100 Ave NE, KirklandWA 98034

Property Details

Location

Address
11929 100 Ave NE, KirklandWA 98034
County
King
Submarket
CBA Kirkland
Parcels
3026059200

Building Size

Building Size

Building Details

Type
 Land
Number of Buildings
Occupancy Type
Percent Occupied
Building Class
Floors
Year Built
Sprinklers
Parking Ratio

Land & Utilities

Land (Acres)
0.24 Acres
Land (SF)
10,498 SF
Zoning
RM18
Lot Depth
Lot Width

Contacts

Current Listings

Kirkland Vacant Land

10,500 SF$1,700,000
Cap Rate: 17.48%

hovel-ready multifamily development opportunity in Kirkland. This cleared & level corner parcel is designed, permitted & ready to become a 7unit apt building. Enjoy building a Class A asset exempt from property tax for 8 yrs! Seller has applied to MFTE program-1 unit to be “affordable” exempting property from taxes(land value tax still applies). Designs include a unit mix of (6) 2bd/2.5bth & (1) 3bd/2.5bth spread over 2 floors w/ a parking garage below. Located blocks from Juanita Beach, amenity rich Juanita Village & set within the Lake WA School District make this a highly sought-after locale sure to attract a great tenant base! Projected rents forecast a 5% cap @$5.3m ARV. Contact LB for plans, permit details & construction estimates.

hovel-ready multifamily development opportunity in Kirkland. This cleared & level corner parcel is designed, permitted & ready to become a 7unit apt building. Enjoy building a Class A asset exempt from property tax for 8 yrs! Seller has applied to MFTE program-1 unit to be “affordable” exempting property from taxes(land value tax still applies). Designs include a unit mix of (6) 2bd/2.5bth & (1) 3bd/2.5bth spread over 2 floors w/ a parking garage below. Located blocks from Juanita Beach, amenity rich Juanita Village & set within the Lake WA School District make this a highly sought-after locale sure to attract a great tenant base! Projected rents forecast a 5% cap @$5.3m ARV. Contact LB for plans, permit details & construction estimates.

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

BROKER

Source: CBA

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