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    OFF-MARKET
    Retail properties & Spaces

    12500 Lake City Way, Seattle, WA 98125

    126,574 SF Built 2001
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 2001
    Total area 126,574 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Papa Johns Pizza Restaurant
    • Freddie’s Lake City Grocery & Convenience Store Food Market
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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