240 Gilman Blvd Issaquah, WA 98027-2418
This exceptional retail space, located at 240 NW Gilman Blvd in Issaquah, Washington, presents a fantastic opportunity for a discerning business. Part of the Gilman Station complex, this storefront offers 680 square feet of readily available space within a larger 18,312 square foot building. Built in 1989, the two-story building is situated in King County and boasts a convenient multiple-tenancy setup, fostering a vibrant and collaborative atmosphere. The property's address is easily accessible and benefits from high visibility, making it ideal for attracting customers. The available space is perfect for a variety of retail uses, offering ample room for showcasing products and providing excellent customer service. The property's location in Issaquah, WA, 98027 provides access to a thriving community with a strong local economy and significant foot traffic. This is a rare opportunity to secure a well-located retail space in a desirable area. The building's solid construction and established presence in the community ensure a stable and reliable investment. Interested parties are encouraged to inquire promptly to secure this exceptional retail opportunity. The property is currently listed for lease.
Mixed-Use - MU and Mixed-Use - Central Issaquah. 1. These zones intend to create medium-density, low-intensity retail use areas. Permitted uses include professional offices, personal services, restaurants, and general retail services. Multifamily residential is permitted in this district to promote proximity of jobs to housing and to provide the opportunity…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
MU · Issaquah, WAMixed-Use - MU and Mixed-Use - Central Issaquah. 1. These zones intend to create medium-density, low-intensity retail use areas. Permitted uses include professional offices, personal services, restaurants, and general retail services. Multifamily residential is permitted in this district to promote proximity of jobs to housing and to provide the opportunity for mixed-use development. The following objectives apply to this zone: a. Establish and preserve areas for retail development to meet the shopping and service needs of the City’s local service area, as well as provide areas for retail uses and services that are a destination for the regional service area; b. Provide for the clustering of retail, financial, professional office, service businesses and entertainment activities to serve the City’s service area and extend to the regional service area; c. Emphasize improvement and enhancement of existing retail centers; d. Require that development and redevelopment of retail commercial uses be of compatible scale and design as defined by the design checklist; e. Provide usable open space and design amenities for employees and users of the district; and f. Provide opportunities for multifamily housing. 2. IMC 18.514.060 , Required affordable housing, makes provision for required affordable housing in the Mixed-Use - Central Issaquah zone. F. Urban Core - UC. 1. This zone intends to provide a dense, vibrant, pedestrian-friendly urban environment. Uses are mixed residential, commercial, and office with active first floors that provide pedestrian interest. 2. IMC 18.514.060 , Required affordable housing, makes provision for required affordable housing in the Urban Core zone. G. Village Residential - VR. This zone intends to provide a dense, vibrant, pedestrian-friendly urban environment. Uses are mixed residential, commercial, and office with active first floors that provide pedestrian interest. H. Mixed-Use Residential - MUR. 1. This zone intends to provide a residential zone that also permits compatible nonresidential uses. The following objectives apply to this zone: a. Provide a transition area where residential and limited scale commercial, office, and retail uses with limited impacts can coexist; b. Achieve compatibility of uses through design development standards; c. Provide opportunities for a range of housing, including senior housing, that is compatible with the existing, established neighborhood; d. Locate housing in close proximity to a range of urban services, to facilitate transportation alternatives and encourage pedestrian access; e.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
