2902 228th SE Ave Sammamish, WA 98075-9516
This exceptional retail strip center, Pine Lake Village, is situated in the highly desirable Sammamish Plateau area of King County, Washington. Boasting a total of 102,900 square feet, the property currently has 1,400 square feet of vacant retail space available, perfect for a variety of businesses. The center enjoys a prime location with outstanding demographics and high traffic volume, ensuring excellent visibility and accessibility for potential tenants. The address is 2902 228th Ave SE, Sammamish, WA 98075. The property is classified as a multi-tenant retail strip center. This presents a unique opportunity for businesses seeking a well-established location within a thriving community. The available space offers significant potential for growth and success, given the strong local market and the property's strategic placement. With its convenient location and ample space, this property is an ideal investment for businesses looking to establish or expand their presence in the Sammamish area. The property's size and location make it an attractive option for a variety of retail uses. Contact us today to learn more about this exceptional opportunity.
1. The purpose of the community business (CB) zone is to provide convenience and comparison retail and personal services for local service areas that exceed the daily convenience needs of adjacent neighborhoods but that cannot be served conveniently by larger activity centers, and to provide retail and personal services in locations within activity centers t…
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
CB · Sammamish, WA1. The purpose of the community business (CB) zone is to provide convenience and comparison retail and personal services for local service areas that exceed the daily convenience needs of adjacent neighborhoods but that cannot be served conveniently by larger activity centers, and to provide retail and personal services in locations within activity centers that are not appropriate for extensive outdoor storage or auto-related and industrial uses. These purposes are accomplished by: a. Providing for limited small-scale offices as well as a wider range of the retail, professional, governmental and personal services than are found in neighborhood business areas; b. Allowing for mixed use (housing and retail/service) developments; and c. Excluding commercial uses with extensive outdoor storage or auto-related and industrial uses. 2. Use of this zone is appropriate in urban and community centers that are designated by the adopted City of Sammamish comprehensive plan and community plans and that are served at the time of development by adequate public sewers, water supply, streets, and other needed public facilities and services. F. Office zone 1. The purpose of the office (O) zone is to provide for pedestrian and transit-oriented high-density employment uses together with limited complementary retail and urban density residential development in locations within activity centers where the full range of commercial activities is not desirable. These purposes are accomplished by: a. Allowing for uses that will take advantage of pedestrian- oriented site and street improvement standards; b. Providing for higher building heights and floor area ratios than those found in community centers; c. Reducing the ratio of required parking to building floor area; d. Allowing for on-site convenient daily retail and personal services for employees and residences; and e. Excluding auto-oriented, outdoor or other retail sales and services that do not provide for the daily convenience needs of on-site and nearby employees or residents. 2. Use of this zone is appropriate in activity centers designated by the adopted City of Sammamish comprehensive plan that are served at the time of development by adequate public sewers, water supply, streets, and other needed public facilities and services. G.
No recorded transactions found for this property.
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.
