Listed by Kidder Mathews Seattle
$8,150,000
Lake City Square - Value Add Retail
Details
APN 145360-0780
Property Type Retail
Sub Type Shopping Center
Square Footage 29,691
Net Rentable (SqFt) 29,691
Units 8
Occupancy 29%
Tenancy Multi
Brand/Tenant Panda Express, BECU
Lease Type NNN
Pro-Forma Cap Rate 10.9%
Pro-Forma NOI $888,753
Price per SqFt $274
Class B
Year Built 2007
Buildings 2
Stories 1
Acreage 1.780
Zoning NC3P-85
Parking Spaces 3.50 per 1,000 sq ft
Investment Type Value Add
Tenant Credit Credit Rated
Ground Lease No
Value Add Retail Center in Seattle, Washington
Marketing description
Kidder Mathews is pleased to present the opportunity to acquire Lake City Square, a well-located retail property at the intersection of two major arterials in a dense urban infill submarket approximately 15 minutes north of downtown Seattle.
Lake City Square offers multiple paths to value creation: investors seeking upside through the lease-up and stabilization of the former Bartell Drug and in-line suites, owner-users looking to offset occupancy costs with in-place income, and developers seeking a mixed-use redevelopment opportunity under the zoning, which allows development up to 95 feet in height.
Investment highlights
STRONG CREDIT TENANTS
REDEVELOPMENT OPPORTUNITY
HIGH TRAFFIC LOCATION
DENSE SEATTLE NEIGHBORHOOD
VALUE ADD OPPORTUNITY
Listing Contacts
Listed by Kidder Mathews Seattle
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Zoning
NC3P-95(M) CommercialNeighborhood CommercialNeighborhood Commercial Pedestrian Mandatory Housing Affordability
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View all 80 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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