Commercial Land with Storage
For Sale
Contact for pricing
Pending
10706 Lake City Way NE, Seattle, WA 98125
Parcel is in the city rezoning process from NC45 to NC55 and includes an existing storage income stream.
Property SizeContact for details
Days on Market121
Property Features for 10706 Lake City Way NE
General Information
Standard status
Pending
Property subtype
Land
Zoning
NC45
Listing Agency:
Keller Williams Realty Bellevue
Listed By:
Joseph Ferrick · License #WA
Source:
Crexi
Added: Apr 11
Changed: Jul 23
Last Checked: Aug 8 at 10:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Bellevue
Investment Insights
Based on property information with market context.
Located at 10706 Lake City Way NE in Seattle, this commercial parcel is positioned for development, with the City rezoning the site from NC45 to NC55. The property also includes an existing storage component providing current NNN cash flow while development is pursued.
Public remarks estimate the project could support approximately 70–80 SEDO units. The current income is described as $3,500 per month with 3% increases, and the storage operation is reported to be on a two-year lease with a two-year option. Additional context noted in the remarks includes a 10-minute drive to UW, central positioning, potential views to the east, and walking distance to amenities.
Public remarks estimate the project could support approximately 70–80 SEDO units. The current income is described as $3,500 per month with 3% increases, and the storage operation is reported to be on a two-year lease with a two-year option. Additional context noted in the remarks includes a 10-minute drive to UW, central positioning, potential views to the east, and walking distance to amenities.
Key Highlights
- City rezoning in progress from NC45 to NC55
- Existing storage income stream with $3,500/month rent
- Current 2‑year lease with a 2‑year option
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
589
Businesses Nearby
Explore this area
Business Placement
Demographics for 98125, WA
42,965
Population
21,493
Households
2
Avg Household Size
37
Median Age
61%
College-Educated
94%
High-School Grad
5.4 sq mi
ZIP Area
7,956
Density / Sq Mi
$96,725
Median Household Income
$61,552
Median Earnings
$1,856
Median Rent
$844,500
Median Home Value
Market
Vacancy Rate% for Industrial in Seattle, WA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Parcel is in the city rezoning process from NC45 to NC55 and includes an existing storage income stream.
Where is this self storage facility located?
The property is located at 10706 Lake City Way NE Seattle, WA.
What are key features of this property?
This property features: City rezoning in progress from NC45 to NC55; Existing storage income stream with $3,500/month rent; Current 2‑year lease with a 2‑year option
