1413 Market St
Kirkland, WA 98033
Lakeside & Parking Plaza · Retail Property For Sale

JUST LISTED - Prime Investment Development Opportunity - West Of Market Street 2 Parcels Assemblage Retail Lakeside & Parking Plaza, Kirkland. Zoned MSC2. Value Investment & In Mix Use Retail Office Multi-Family* Re-Development Opportunity Multi-Stories Retail Ground Floor Space & 2* Stories Apartments/Office Upper Floors With Underground Garage. Per City Of Kirkland , MSC-2 900 SQ FT Per Acre Dwelling Zoning. See Last 2 Pages Of OM. Current 5-Long Term Tenants Mix With Staggered Leases. Option For Redevelopment With Demolition Clauses* Sale Include Lakeside Plaza Tax With 5500 SF Tax#3885802835 (20,838 SF Lot) & Parking Plaza Tax #3885802905 (3,260 SF Lot) Listed On NWMLS #1786514 & 1786699 / CBA#636480 Off Market *Zip Market 1431 Market Street Tax #3885802875 With 2400 SF Sited On 13,280 SF Lot, Is NOT A Part Of The Offering. 3 Parcels Combined Yield 37,378 SF ( 0.86 Acres) Land. * Note Zip Market Is Off Market & Not Part Of Offering. New Ownership Will Review Substantial Offer Submitted Through Listing Office of Chrissoon Real Estate International, LLC DBA TEC Real Estate Inc. Do Not Attempt To Contact Zip Market, Any Inquiries Direct To Listing Broker, Strictly As Requested By New Ownership Two Separate Ownership. Lakeside Plaza & Parking Lot Plaza $4,250,000 Zip Market - Off Market* But Will Review Submitted Written Offer. Can be SOLD Singly and or Jointly* No Restriction Please Drive By & View With Discretion. STRICTLY Do Not Disturb Or Communicate With Tenants. Please Adhere To This Instruction Strictly. PROFORMA For Investor, Fiscal Lease Is Below Market Rate, Potential For Major GSI Impovement.Projected Rent @ $38.00 PSF at $209,000.00 Gross Scheduled Income (GSI) .OE $30,168 . NOI = $178,832. Cap Rate 4.3* Projected SHOWINGS INFORMATION STRICTLY VIEW WITH DISCRETION. DO NOT DISTURB OR ASK ANY QUESTIONS TO TENANTS. PLEASE STRICTLY ADHERE TO THIS REQUEST! Question Text Listing Broker. West Of Market 2 Parcels Assemblage. Retail Zoned MSC-2.Mix Use Retail Multi-Family Redevelopment. Virtual :http://lakesideplaza1413.ePropertySites.com GLOBAL LISTING BROKER www.chrissoon.com Cooperation With Global Licensed Brokers Welcome DISCLOSURE Information deemed reliable but not warranted by sellers and or listing broker. Prospective purchaser advised to verify all information to its own satisfaction,including conducting an independent review & investigation on land, building & structure, financial performances, profit yields, cap rate , any economics impact , neighborhood reviews without relying on this Offering Memorandum. No express and or implied warranty.All Rights Reserved.RCW 18.86.020. E & O E Excepted