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Former Inter-City Building

Former Inter-City Building

$2,600,000.00Price

17425 68th Ave. NE, Kenmore, WA 98028

Rentable Bldg Area:  11,280 SF

Land Area: 19,166 SF

Price Per Rentable Bldg Area: $230.50

 

 

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  • Investment Highlights

    HIGH BARRIERS TO ENTRY SUBMARKET
    Positioned in a supply-constrained location characterized by strong demand for commercial and flex space.

    VERSATILE FLEX SPACE
    With a well-balanced combination of spacious warehouse/storage on the lower level and move-in ready on the upper level.

    FAVORABLE LOCATION
    Excellent street visibility from 68th Avenue – a highly trafficked
    thoroughfare connecting communities north of Lake Washington. The building is conveniently positioned between North Seattle, Bothell, and the Eastside.

    TRANSPORTATION CONNECTIVITY
    The property sits adjacent to SR-522, various bus routes, and provides easy access to Interstate-405.

    MOVE-IN READY OFFICE
    The supplemental income from the fully leased warehouse space can help offset the costs for an owner-user. Street-level office provides seven private offices, a conference room, and additional space for a variety of uses.

    FUTURE LAKEPOINTE PROJECT
    The parcel is positioned next to a long sought-after mixed-use urban village development known as the Lakepointe Project. The project will set the stage for further growth in the city, as well as improved access options for surrounding sites.

     

     

  • Investment Overview

    The Vara Group is pleased to present the sale offering of a
    strategically positioned flex property located at 17425 68th Ave
    NE in Kenmore, WA. This well-maintained, 11,280 SF flex property
    combines spacious warehouse and storage facilities on the lower
    level with meticulously designed office spaces spanning two upper
    floors. Offering prime visibility at the intersection of SR-522 and
    68th Ave NE, it captures the attention of passing traffic in the heart
    of Kenmore. This property presents an opportunity for owner-user
    or value-add investors in the heart of an established and expanding
    market with inventory constraints and high barriers to entry.