Property Listing No Longer Available for Sale

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
UpdatedDecember 7th, 2010
TypeRetail
Price$3,750,000
Building12,781 Sq. Ft.
Land0.19 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.



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