21 Central Way, Kirkland, WA
Retail for Sale - $3,750,000 - 12,781 Sq. Ft. on 0.19 acres
Property Info
CIMLS# | 123725 |
Location 21 Central Way Kirkland WA 98033 | |
Updated | December 7th, 2010 |
Type | Retail |
Price | $3,750,000 |
Building | 12,781 Sq. Ft. |
Land | 0.19 acres |
Property Description
Linc Properties is pleased to announce the sale offering for The Flame Building in Kirkland' s Waterfront District. This offering is an excellent opportunity for an Investor or an Owner/User to acquire an extremely well located Mixed Use building in the heart of the Marina Park on the shores of Lake Washington suitable for retail, restaurant or office.
The Flame Building continues to be one of the most prominent assets along Central Way in Downtown Kirkland. The building is suitable for Retail, Restaurant and Office Users. The proximity of the building to the large surface parking lot at Marina Park enables convenient access to rare parking in the Central Business District.
The Seller is offering very favorable Seller Financing to qualified purchasers. Additionally the Flame Building has outstanding building addition or redevelopment potential. The property has had an excellent rental history and the price is based on low proforma rents.
The Flame Building has all of the most desirable location elements of a prime retail/restaurant/office commercial asset. The property is truly a unique location with rare waterfront park frontage, lake views and Marina Park access. The property is situated within the City of Kirkland which is Washington State' s 12th largest city just 15 minutes East of Downtown Seattle. Bellevue and the bordering City of Redmond are the center of the Pacific Northwest' s Eastside lifestyle and experience. Businesses and people are drawn to the Eastside for all of it' s exceptional quality of life elements.
Financials
Seller Financing for qualified Buyers. 6.44% Proforma CAP rate.