1XXXX NE TOTEM LAKE Way
Kirkland, WA 98034
Totem Lake Redevelopment Site · Land For Sale · 3.68 AC

CB Commercial Realty and AgencyOne Realty have been retained as the exclusive Marketing Advisor for The Totem Lake Hotel (“the Property”) located at 1xxxx Totem Lake Way, Kirkland, WA 98034. Totem Lake 3.677 Acres of Multi-development type zoned land for sale. The site is zoned TL 8 (Berm & Lake Orientation), this zoning required the development must emphasize lake as focal point (Maximum height is 35’, expect is 65’ for mixed use with housing). Minimum Ground Floor Rate: 13’ - Offered $15,800,000 and offers will be considered as received. (PSF under market price) - Current Use: Hotel - Parcel ID: 866327-0010 DEVELOPMENT POTENTIAL: Multiple type, including Hotel, Retail, Restaurant, office building, private lodge or club, school day-care center, assisted living facility, convalescent center, Nursing home, government/community Facility, public park etc. A rare redevelopment opportunity with 3.677-acre land in the city of Kirkland. • Walking distance to The Village at Totem Lake which will be open in mid-2018 and deliver approx. 360,000SF residential and retail space with 850 residential units. • Immediately I-405 freeway access to Bellevue, Seattle, and Everett. Legal Description: TOTEM LAKE SOUTH POR OF LOTS 1-2-4-5-TRACT B & PORS OF VAC ST ADJ LY W OF E LN OF W 90 FT OF SW 1/4 OF SW 1/4 OF NE 1/4 STR 28-26-05 LESS THE E 40 FT THOF - AKA - LOT B KIRKLAND LLA #LL-99-100 REC #20000921000214 The information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statement of income and expenses. Consult your attorney, accountant or other professional advisor for advice.