8797 116th Ave NE - Commercial LAND FOR SALE


Kirkland, WA 98033- Highlands14,375 SF
$3,000,000 USD
425-450-1158
8797 116th Ave NE, Kirkland, WA for Sale
$3,000,000 USD
Commercial LAND - FOR SALE
1/4
14,375 SF

8797 116th Ave NE
Kirkland, WA 98033
Highlands


HIGHLIGHTS

  • A corner rectangular flat site that could be redeveloped into 3 to 6 luxury residential homes in the most soughtafter housing market on the East Side.
  • Existing improvements produce steady and positive rental cash flow for new ownership during the entitlement phase.
  • Growing population with rising household income.
  • Small town charm with big city amenities.
  • Easy commute to nearby major employers including Google, Amazon, Evergreen Health, Microsoft, Meta, and GoDaddy.
  • Easy access to Seattle, Bellevue, and Redmond via I-405 and future Stride Bus Rapid Transit station on NE 85th Street.

OVERVIEW

Located in Kirkland’s Highlands neighborhood, the property is surrounded by a well-established residential community, within a mile of Google’s Kirkland Urban campus and less than 1.2 miles from the main Campus Headquarters in the Central Houghton neighborhood. Approximately 2,735 Google employees work in these office buildings. This offering would present new owners the opportunity to redevelop the site into three to six luxury, single-family homes in an area with significant demand, accompanied by fast housing absorption. The site is situated in Kirkland’s RM 3.6 zone, which allows for 3,600 square feet of lot area per unit, or 12 units per acre. The Kirkland 116th offering is a unique opportunity to develop a luxury residential project within a municipality that is actively encouraging development. The new owner will certainly continue to benefit as more tech-based employees seek to relocate to Kirkland.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/ACRE

$9,090,783/AC

PRICE/SF

$209 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

-

LAND ACRES

0.33 AC

LAND SF

14,375 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

RM3.6

APN/PARCEL ID

388690-1775

ASK ABOUT THIS PROPERTY

Michael YehKidder MathewsMore Info
425-450-1158

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Michael YehKidder MathewsMore Info
425-450-1158

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.