$1,990,000
For Sale

7228 NE Bothell Way

Kenmore, WA 98028
3054 sqft | 0.53 acres | #2240132
Listing OfficeRhino Roz Realty
Browse 8 photos
Type:Multi-Family
Structure:Duplex/Multi-Unit
Zone:Residential

Description

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.

  • Property Details
      • InteriorFir/Softwood, Wall to Wall Carpet
      • Utility SourceIndividual Well, Public
      • FoundationPoured Concrete
      • Sewer InformationSewer Connected
      • Style55 - 5-9 Units
      • Property TypeMulti-Family
      • Property SubtypeMulti-Family
      • Structure TypeMulti Family
      • Date ListedMay 18, 2024
      • School DistrictNorthshore
      • Original List Price$1,990,000
      • SubdivisionKenmore
      • Taxes Annual$10,584
      • MLS #2240132
      • Cost1990000
      • MLS #2240132
      • Acres0.532
      • Exterior MaterialsWood
      • Square Feet3054
      • Year Built1938
      • CountyKing
      • Property ConditionFair
      • Days on Market (Cumulative)162
      • Stories2
Hoge & Davitte Realty GroupKeller Williams Greater Seattle
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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