500 Central Way Kirkland, WA 98033-6208
This exceptional mixed-use property, located at 500 Central Way in Kirkland, Washington, presents a rare redevelopment opportunity. The 2,027 square foot building sits on a 0.25-acre lot (10,890 square feet) in the heart of Kirkland's vibrant Central Way corridor. Built in 1967 and renovated in 1985, the single-story structure is zoned CBD-6, allowing for a building height of up to 54 feet. Its prime location offers unparalleled visibility and accessibility, directly across from the bustling Kirkland Urban development, home to Google's Kirkland campus and numerous national retailers. This strategic position ensures high foot traffic and exposure to a dense population of residents and employees. The property's proximity to major transportation arteries and neighboring cities like Bellevue, Redmond, and Seattle further enhances its appeal. This is an exceptional chance to capitalize on the thriving Eastside market and create a significant return on investment. The property's existing structure provides a solid foundation for a variety of development possibilities, making it an ideal investment for discerning developers seeking a high-impact project in a highly sought-after location. The permitted zoning allows for a wide range of uses, making this a versatile and attractive opportunity.
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Acropolis Pizza & Pasta - Kirkland Restaurant
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
CBD 6 · Kirkland, WAKirkland. Always verify with local authorities before improvements.
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.