Opportunity to develop prime mixed-use property to it’s highest and best use with downtown commercial zoning. Level rectangle-shaped lot offers for flexible site plan. Currently, property has 6 units (2 commercial, 4 residential). Close to Lake Washington Waterfront. Great exposure off of Bothell Way located between I-5 and 405 with access to both the east and west sides of the greater Seattle area. No critical areas mapped or known of. Zoning updates from the City of Kenmore in early 2023 has doubled the amount of units this lot was previously allowed. Minimum density for this lot is 32 units. Maximum density for this lot size is 79 units which is $25,000 per door.
The median home value in Kenmore, WA is $936,500. This is higher than the county median home value of $793,300. The national median home value is $338,100. The average price of homes sold in Kenmore, WA is $936,500. Approximately 66.98% of Kenmore homes are owned, compared to 29.32% rented, while 3.71% are vacant. Kenmore real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Kenmore real estate agent to arrange a tour today!
Kenmore, Washington has a population of 23,556. Kenmore is more family-centric than the surrounding county with 42.33% of the households containing married families with children. The county average for households married with children is 35.99%.
The median household income in Kenmore, Washington is $121,463. The median household income for the surrounding county is $106,326 compared to the national median of $69,021. The median age of people living in Kenmore is 39.6 years.
The average high temperature in July is 75.9 degrees, with an average low temperature in January of 36.3 degrees. The average rainfall is approximately 40.5 inches per year, with 3.7 inches of snow per year.