• Broker John Tong 4252725755
John Tong

7018 NE Bothell Way 0.53 Acres of Commercial Land Offered at $1,990,000 in Kenmore, WA 98028

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EXECUTIVE SUMMARY

Commercial Downtown Zoning. Can use for Affordable Housing minimum requirements when mixed in with your other residential development projects. Preliminary assessment allows for up to 80 units with upto 3000 sqft commercial in a Texas wrap build.
Currently the property is cash flowing with 4 residential tenants and 2 commercial tenants.

ATTACHMENTS

US Bank Appraisal 2017

FINANCIAL SUMMARY (ACTUAL - 2023)

ANNUAL ANNUAL PER AC
Gross Rental Income $80,000 $150,943.40
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income - -

PROPERTY FACTS

Price $1,990,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Mixed Use
Total Lot Size 0.53 AC
Zoning CB - Anything approved in Kenmore, WA downtown commercial

1 LOT AVAILABLE

Lot

Price $1,990,000
Price Per AC $3,754,716.98
Lot Size 0.53 AC

Income producing property while you decide what to do with this Downtown Commercial lot. Very high traffic numbers per day on SR 522. Speed transit system route getting set for light rail link-ups.

DESCRIPTION

One of the last untouched properties on Bothell Hwy SRR-522. Originally used as light commercial (hair salon) with the business owners home in back of lot. Current Rents: Residential: 1. $1800/mo, 2. $780, 3. $1320, 4. $860 Commercial 1.$2000, 2. $780 Totals: $90,0480.00/year

Bike Score®
Very Bikeable (74)

PROPERTY TAXES

Parcel Number 011410-0673 Improvements Assessment $1,000 (2024)
Land Assessment $1,506,100 (2024) Total Assessment $1,507,100 (2024)

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  • Listing ID: 27432540

  • Date on Market: 1/4/2023

  • Last Updated: 7/8/2025

  • Address: 7018 NE Bothell Way, Kenmore, WA 98028

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