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903 5th Ave
Kirkland, WA 98033
903 Building · Office Property For Sale


Executive Summary
Leibsohn & Company, as the exclusive listing firm, is pleased to present a rare opportunity to acquire The Kirkland Place Building, a two-story, 10,490 SF office building prominently positioned in the heart of downtown Kirkland, just steps from many of the area’s premier amenities and lifestyle destinations.
The location offers excellent accessibility, with convenient access to I-405 via NE 85th Street, allowing for efficient commuting throughout the Eastside and greater Seattle region. Its central Kirkland location provides immediate proximity to a highly amenitized environment that continues to attract both businesses and residents alike.
The Kirkland Place Building presents a rare opportunity for an owner-user seeking a combination of immediate occupancy potential, stable in-place income, and long-term redevelopment upside in one of the Eastside’s most desirable submarkets. The property also benefits from existing rental income generated by three in-place tenants, providing an owner-user with the opportunity to offset occupancy costs while utilizing a portion of the building for their own operations. This flexibility allows for both immediate functionality and future adaptability depending on the needs of the buyer.
The location offers excellent accessibility, with convenient access to I-405 via NE 85th Street, allowing for efficient commuting throughout the Eastside and greater Seattle region. Its central Kirkland location provides immediate proximity to a highly amenitized environment that continues to attract both businesses and residents alike.
The Kirkland Place Building presents a rare opportunity for an owner-user seeking a combination of immediate occupancy potential, stable in-place income, and long-term redevelopment upside in one of the Eastside’s most desirable submarkets. The property also benefits from existing rental income generated by three in-place tenants, providing an owner-user with the opportunity to offset occupancy costs while utilizing a portion of the building for their own operations. This flexibility allows for both immediate functionality and future adaptability depending on the needs of the buyer.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
10,491 SF
Building Class
B
Year Built
1986
Price
$4,495,000
Price Per SF
$428.46
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,246 SF
Building FAR
0.42
Lot Size
0.58 AC
Zoning
NMU - Neighborhood Mixed Use
Parking
55 Spaces (5.2 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 052505-9070 | Improvements Assessment | $1,000 |
| Land Assessment | $3,789,700 | Total Assessment | $3,790,700 |
Property Taxes
Parcel Number
052505-9070
Land Assessment
$3,789,700
Improvements Assessment
$1,000
Total Assessment
$3,790,700
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