Rare mixed-use investment opportunity featuring adjacent duplex and commercial office buildings in the heart of Kenmore. Strong in-place income with additional upside potential and future redevelopment opportunities (buyer to verify development potential and zoning capacity to their own satisfaction). The duplex includes two 2-bedroom, 1-bath units with laminate flooring, wood cabinetry, in-unit washer/dryers, and a new roof installed last year. Upper unit offers Lake Washington views and a single-family-home feel, while the lower daylight unit provides rental upside with below-market rents. Additional income potential from detached storage sheds currently not rented. The adjacent fully occupied commercial/medical office building features structured annual rent increases and major HVAC upgrades completed last year including two new furnaces and two new heat pumps. Flexible office, medical, retail, or service-oriented layout with excellent visibility and signage opportunity. Approximately 17 total off-street parking spaces. Prime walkable location near restaurants, parks, transit, SR-522, and the vibrant Kenmore commercial district.
[Private Elevator] ~ [6,927] Magnificent SF. [7] Bedrooms, including [6] w/private ensuites. [12] Baths total. The panorama is permanent, the address irreplaceable. Two residences. One address. Positioned high above Lake Washington, the water doesn't frame the room. It fills it. From every floor, through every window: shimmering open water, the Olympic Mountains on the western horizon, and Kenmore Air floatplanes tracing arcs across the surface below. The building's height is grandfathered under current zoning. It cannot be built again. Two complete luxury residences, one above the other, both with 11ft crafted tray ceilings with crown molding. Each residence features master-level laundry and a second W/D on the lower level. The Upper Residence has a private 3-stop elevator. The Lower Residence has the shaft, fully framed, structurally prepped. The bones are there. The decision is yours. The Upper Residence (3,902 SF 3 bed 4.25 bath): travertine marble floors with radiant heat, a fully equipped lake-view kitchen served by two additional lake-view wet bars, a gas fireplace, a vaulted pavilion with classical columns open to the water, a curved five-window gallery, and a five-piece marble spa bath with crystal chandelier, Velux skylights, soaking tub, and walk-in shower. The Lower Residence (3,025 SF 4 bed 4.50 bath): cherry cabinets, granite countertops, SS appliances, gas range, a gas fireplace, HW floors, and a glass-railed lake-view deck. Welcome to Lake Top.
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Kenmore is located in Washington. Kenmore, Washington has a population of 23,556. Kenmore is more family-centric than the surrounding county with 42.33% of the households containing married families with children. The county average for households married with children is 35.99%.
The median household income in Kenmore, Washington is $121,463. The median household income for the surrounding county is $106,326 compared to the national median of $69,021. The median age of people living in Kenmore is 39.6 years.
The average high temperature in July is 75.9 degrees, with an average low temperature in January of 36.3 degrees. The average rainfall is approximately 40.5 inches per year, with 3.7 inches of snow per year.