Premier Kirkland Development Opportunity | 20,000+ SF Assemblage | Boundary Line Adjustment in Final Stage | Potential for Luxury Homes or Cottage Development

An exceptional opportunity to acquire a premier 20,000+ SF development assemblage in one of Kirkland's most sought-after neighborhoods. Comprising 2025 Market Street and 2031 Market Street (APN 1245500255 and 1245500260), these two adjacent parcels are in the final stage of a strategic Boundary Line Adjustment (BLA), creating optimized site configurations and eliminating a significant easement upon completion.

The assemblage consists of approximately:

• 2025 Market St: 10,190 SF
• 2031 Market St: 9,810 SF
• Combined Site: Over 20,000 SF

Unlike many land offerings where a purchaser must start from scratch, this opportunity includes substantial pre-development work already completed, significantly reducing entitlement risk, holding time, and soft costs.

Highlights

• Boundary Line Adjustment in its final stage, creating more efficient building envelopes
• Significant easement to be eliminated upon completion of the Boundary Line Adjustment
• Architectural plans completed for two thoughtfully designed luxury residences of approximately 4,300 SF and 4,600 SF
• Building permit applications submitted, with permit issuance anticipated following completion of the Boundary Line Adjustment
• Existing month-to-month tenants providing interim rental income while development progresses
• Sewer, water, natural gas, and other urban utilities already available on site

The included home designs feature highly desirable floor plans with a main-level guest suite and office, expansive open-concept living spaces, upper-level bedroom configurations with bonus rooms, and efficient layouts designed for strong resale appeal in today's luxury market.

Beyond the two-lot luxury home strategy, the property may also present an opportunity to develop up to five cottages, subject to buyer verification and City approval, providing additional flexibility for builders and developers seeking a higher-density alternative.

Located just moments from Juanita Bay Park and minutes to downtown Kirkland, PCC, Costco, waterfront amenities, premier shopping, dining, and major Eastside employment centers, the location offers exceptional long-term desirability.

Whether your strategy is to:

• Build two luxury custom residences
• Explore cottage development potential
• Hold while generating interim rental income
• Phase development over time

this assemblage offers a rare combination of prime location, extensive pre-development work, development flexibility, and reduced execution risk.

The value extends well beyond the land itself. Significant time, planning, architectural design, and entitlement efforts have already been invested, allowing the next owner to move forward with greater confidence and potentially accelerate the path to construction.