Two Buildings on separate lots. 1st building is a duplex with 2-BR/1-Ba units, 2 large storage units in back, upper unit has a view of Lake Wa. 2nd building is a commercial office space with two tenants. Properties were renovated in the early 2000’s. The commercial building recently had 2 new furnaces & 2 new heat pumps installed. Main commercial tenant is on a 5-year lease, 2nd office is owner occupied (approx 350sf), willing to vacate or lease-back. The buildings are in good condition & located in the heart of the Kenmore commercial district. High walkability score and immediate access to Bothell Way. This is a great owner-occupied investment opportunity or lease it all for a great income potential; duplex rent has room for added value.
Opportunity to develop prime mixed-use property to it’s highest and best use with downtown commercial zoning. Level rectangle-shaped lot offers for flexible site plan. Currently, property has 6 units (2 commercial, 4 residential). Close to Lake Washington Waterfront. Great exposure off of Bothell Way located between I-5 and 405 with access to both the east and west sides of the greater Seattle area. No critical areas mapped or known of. Zoning updates from the City of Kenmore in early 2023 has doubled the amount of units this lot was previously allowed. Minimum density for this lot is 32 units. Maximum density for this lot size is 79 units which is $25,000 per door.
Kenmore is located in Washington. Kenmore, Washington has a population of 22,154. Kenmore is more family-centric than the surrounding county with 41.69% of the households containing married families with children. The county average for households married with children is 35.76%.
The median household income in Kenmore, Washington is $96,277. The median household income for the surrounding county is $83,571 compared to the national median of $57,652. The median age of people living in Kenmore is 39.6 years.
The average high temperature in July is 75.7 degrees, with an average low temperature in January of 37 degrees. The average rainfall is approximately 42.9 inches per year, with 3.6 inches of snow per year.