12500 Lake City Way Seattle, WA 98125
- Retail properties
- 126,574 SF
Current Use by Public Records
- Papa Johns Pizza / Pizza Restaurant
- Freddie’s Lake City / Grocery Store
Property Details for 12500 Lake City Way
- Year built
- 2001
- Property size
- 126,574 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional retail opportunity is located in the vibrant City North complex at the prominent corner of NE 125th Street and Lake City Way in Seattle, Washington. The property, built in 2001 and renovated in 2011, comprises two buildings with a total of 126,574 square feet, encompassing 94 suites. Two retail spaces are currently available, ranging from 721 to 1,547 square feet. The property sits on a 16,824 square foot lot and boasts 123 parking spaces, including dedicated retail garage parking. The building underwent upgrades in 2014, including new signage, fresh paint, and parking improvements. This mixed-use development also includes 94 apartments and 10,812 square feet of total retail space. The location benefits from high traffic counts, situated across from a newer Bartell Drugs store in an established retail area. The property is zoned NC3P-85 and has a King County APN of 1453601220. Property taxes are $7.50 per square foot. This prime location at the busiest intersection in the immediate trade area presents a unique opportunity for businesses seeking high visibility and accessibility in a thriving Seattle neighborhood. The six-story building offers ground floor retail space with excellent signage opportunities.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Seattle
- County
- King
- State
- Washington
- Longitude
- -122.295
- Latitude
- 47.7194
