Residential Development Land
For Sale
Contact for pricing
2025 Market Street, Kirkland, WA 98033
Over 20,000 SF assemblage with boundary line adjustment in final stage and utilities available on site.
Property SizeContact for details
Lot Size0.46 Acres
Days on Market52
Property Features for 2025 Market Street
General Information
Standard status
Active
Class
C
Lot size
0.46 Acres
Property subtype
Multifamily, Land
Zoning
RS 7.2
Occupancy
100%
Investment Type
Redevelopment
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1981
Buildings
2
Stories
1
Tenancy
Single
Listing Agency:
KW Commercial, GSWA MCI LLC
(425) 454-0911
Listed By:
Irene Mendoza · License #WA 121517
Source:
Crexi
Added: Jun 19
Changed: Aug 8
Last Checked: Jun 23 at 1:29PM
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 KW Commercial, GSWA MCI LLC
Investment Insights
Based on property information with market context.
Two adjacent residential parcels totaling over 20,000 SF are offered as a development assemblage, consisting of 2025 Market Street and 2031 Market Street. The boundary line adjustment is in its final stage, which is expected to create more efficient building configurations and eliminate a significant easement upon completion.
Architectural plans have been completed for two residences, and building permit applications have been submitted with anticipated permit issuance following completion of the boundary line adjustment. The property also includes an existing month-to-month tenant arrangement providing interim rental income while development work progresses. Sewer, water, and natural gas, along with other urban utilities, are available on site.
The recorded home designs are for approximately 4,300 SF and 4,600 SF residences, with plans that include a main-level guest suite and office, open-concept living areas, and upper-level bedrooms with additional bonus rooms. The offering also references a potential cottage alternative, subject to buyer verification and City approval.
Architectural plans have been completed for two residences, and building permit applications have been submitted with anticipated permit issuance following completion of the boundary line adjustment. The property also includes an existing month-to-month tenant arrangement providing interim rental income while development work progresses. Sewer, water, and natural gas, along with other urban utilities, are available on site.
The recorded home designs are for approximately 4,300 SF and 4,600 SF residences, with plans that include a main-level guest suite and office, open-concept living areas, and upper-level bedrooms with additional bonus rooms. The offering also references a potential cottage alternative, subject to buyer verification and City approval.
Key Highlights
- Two adjacent parcels at 2025 Market St (10,190 SF) and 2031 Market St (9,810 SF), totaling over 20,000 SF
- Boundary Line Adjustment (BLA) is in the final stage and will eliminate a significant easement upon completion
- Architectural plans are completed for two luxury residences of approximately 4,300 SF and 4,600 SF; permit applications submitted
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
Explore this area
Business Placement
Demographics for 98033, WA
41,763
Population
18,211
Households
2.3
Avg Household Size
39
Median Age
73%
College-Educated
98%
High-School Grad
9.2 sq mi
ZIP Area
4,539
Density / Sq Mi
$174,005
Median Household Income
$97,472
Median Earnings
$2,386
Median Rent
$1,259,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Over 20,000 SF assemblage with boundary line adjustment in final stage and utilities available on site.
Where is this residential land & home lot located?
The property is located at 2025 Market Street Kirkland, WA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Two adjacent parcels at 2025 Market St (10,190 SF) and 2031 Market St (9,810 SF), totaling over 20,000 SF; Boundary Line Adjustment (BLA) is in the final stage and will eliminate a significant easement upon completion; Architectural plans are completed for two luxury residences of approximately 4,300 SF and 4,600 SF; permit applications submitted
