17171 Bothell WayLake Forest Park, WA 98155

Property Details for 17171 Bothell Way

Year built

1965

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

16.46 AC

Property size (Sq ft)

220,968 SF

Zone code

TC

Property type

Retail space

APN

401930-1655

APU

4019301655

Description

Town Center at Lake Forest Park, located at 17171 Bothell Way NE in King County, Washington, presents a unique opportunity for retail businesses seeking a vibrant location. This neighborhood center boasts a total of 219,961 square feet of retail space, offering flexible options for tenants. Currently, there are 12 available spaces ranging from a minimum of 315 square feet to a maximum contiguous space of 5,783 square feet, totaling 21,254 square feet of vacant space. The property sits on a substantial 16.5-acre lot, providing ample parking and visibility for businesses. Its prime location in Lake Forest Park, WA, zip code 98155, ensures high foot traffic and easy access for customers. The property's classification as a neighborhood center suggests a strong local customer base. This is an ideal opportunity for businesses seeking a well-established retail space in a thriving community. The property's size and layout offer versatility for a variety of retail concepts, from small boutiques to larger-scale operations. Interested parties are encouraged to inquire about available spaces and lease terms. The property is easily accessible and benefits from its location within a well-established commercial area. This is a rare opportunity to secure retail space in a desirable location with significant potential for growth.

• CAP approach

  CAP return

  Valuation

  6%

  $87,616,056

  6.5%

  $80,876,360

  7%

  $75,099,480

• Comparable approach

  Method

  Valuation

  Relative Method

  $169,264,288

  Geo Method

  $107,236,120

• Alternative Use

  Use

  Valuation

  Residential

  $68,222,232

  Hospitality

  $62,491,200

  Educational

  $51,991,944

  Medical

  $53,780,028

  Retail

  $80,876,360

Location Insight

City

Lake Forest Park

County

King

State

Washington

Latitude

47.754

Longitude

-122.28

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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