123 Lake Street

123 Lake St S Kirkland WA 98033

Listing #: 594821 | Status: Available | Last Modified: 6/11/2018 |

For Sale

123 Lake St S Kirkland WA 98033

Agent Information
Showing Instructions
Call Listing AgentYes
Use DiscretionYes

Allan Friedman

(206) 505-9406
allanf@westlakeassociates.com

Westlake Associates, Inc.

(206) 505-9400

Listing Information
Price
Listing Price$ 9,730,000
$/SF$ 589.09
Listing StatusAvailable
Days On Market117
Asset ClassRetail
Investment Information
Investment PropYes
Gross Income$ 550,641
Vacancy Factor %0.00%
Operating Expenses$ 79,329
Net Operating Income$ 471,312
CAP Rate4.84 %
Property Information
Building Information
Building StatusExisting
# of Buildings2
# of Floors2
Total Building Sq/ft16,517
Net Rentable Area16,517
Lot Sq/ft21,034
Acres0.48
Property Type
Property TypeRetail
Location
CountyKing
Second Address129 Lake Street S, Kirkland, WA 98033
Market AreaKirkland
Tax ID #0825059196
Additional Parcels0825059129
ZoningCBD 2
Construction
Year Built1954

Public Comments: We are pleased to present the 123 Lake Street Commercial Property for sale. This is a rare opportunity to purchase a 100% leased, multi-tenant commercial investment consisting of two buildings on a Downtown Kirkland lot with partial Lake Washington Frontage. Located in the heart of this lake-oriented neighborhood, the property fronts the main north to south Arterial into downtown Kirkland. The downtown waterfront area offers restaurants, art galleries, public parks and beaches.

Search Tags: Street Retail,

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