Downtown Commercial Zoning Opportunity for Re-development
Unique opportunity to develop prime mixed-use property to it’s highest and best use by taking advantage of downtown commercial zoning.
Currently property has 6 units (2 commercial, 4 residential) and a billboard all of which are rented on short terms leases.
- Level rectangle shaped lot offers for flexible site plan.
- 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 size of 23,172 sq ft is 32 units.
- Maximum density for this lot size of 23,172 sq t is 79 units.
- 25% of units must be affordable housing at 70% of the King County Median income for rentals.
- Visti: Kenmore Zoning Standards
- Permitted, conditionally permitted and prohibited uses are described in: Table A of KMC 18.25.020
- Maximum height: 65 feet
- Maximum impervious surface: 90% (20,854sq ft can be used of lot)
- Street setback (from SR522): 0 – 10 feet, depending on building design/design review requirements KMC 18.52.
- Interior setbacks: 0 feet.
- Parking Requirements are 1 spot per one bedroom, 1.5 spots per 2 bedrooms, 1.7 spots per 3 bedrooms. 1 visitor spot per every 5 units. Retail parking requirements depend on retail usage.
Multi-family projects (i.e. apartments, townhomes) require that 80% of a structure’s street front facade at street level shall be occupied by nonresidential uses. If the nonresidential and residential uses are located in separate structures, the 80 percent requirement shall apply to the lot’s lineal street frontage at street level. The required nonresidential use shall extend at least 30 feet in depth at street level from the street front facade of the structure; provided, that the minimum required depth may be averaged, with no depth less than 15 feet. KMC 18.25.020 Table A Footnote 9
Demographics for multi-family living in this area show a need for 45% 2 bedrooms, 25% one bedrooms and 30% 3 bedrooms.
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