DUAL-TRACK OPPORTUNITY: INCOME TODAY, REDEVELOPMENT TOMORROW Rare development opportunity in the heart of Kirkland. The property sits on a 13,200 SF lot currently improved with a 6,000 SF office building and 17 parking stalls. Under Urban Flex (UF) zoning, developers can pursue a mixed-use project up to 45 feet, combining ground-floor retail and upper-level residential, perfectly aligned with Kirkland’s long-term growth strategy. The location offers immediate and long-term upside: • Transit-Oriented Growth - Just blocks from the upcoming NE 85th Street Bus Rapid Transit (BRT) station and redesigned I-405 interchange (completion 2028-2029), the site is poised to capture increased pedestrian and commuter traffic. This major infrastructure investment will create one of the Eastside’s most connected submarkets. • Connectivity & Lifestyle Demand - The property is adjacent to the Cross Kirkland Corridor, a highly utilized walking and biking trail that enhances resident quality of life and supports the City’s sustainability and mobility goals. • Policy & Market Alignment - Kirkland’s K2044 Growth Vision and Capital Improvement Program both prioritize walkable, mixed-use neighborhoods. With strong demographics (median household income over $150,000 in Kirkland*) and limited new supply near Downtown, the site is ideally positioned for multifamily or condo absorption. • Accessibility Advantage - Planned streetscape, pedestrian, and storm system upgrades in the immediate area further enhance desirability, ensuring strong long-term tenant and buyer demand for new product. TENANT-READY FLEXIBILITY While the property offers outstanding redevelopment potential, it is also move-in ready for tenants today, providing near-term income potential and flexibility for owner-users. • Functional Floorplates - The building features 6,000 SF across two floors (3,000 SF each), with separate private entrances for easy multi-tenant configuration or full-building occupancy. • Updated Interiors - Recent improvements make the space suitable for a wide range of uses including professional office, creative workspace, medical, or boutique services. • Abundant Natural Light - Generous window lines throughout both levels create a bright, inviting work environment. • Convenient Parking - A rare 17 surface parking stalls provide ample on-site access for employees and clients. • Excellent Location - Just minutes from Downtown Kirkland and I-405, with seamless connectivity to Bellevue, Redmond, and Seattle. This combination of tenant-ready improvements and redevelopment upside gives investors a dual-track opportunity: generate income now while planning a mixed-use project that unlocks the full potential of Kirkland’s Urban Flex zoning. *Source: U.S. Census Bureau, American Community Survey, 2023 Disclosure: Buyer to verify all information, zoning, and development potential with the City of Kirkland. ***Building photo is a conceptual image shown for illustrative purposes only — represents one possible redevelopment scenario under UF zoning.