Woodgate Center

13300 NE 175th Street, Woodinville, WA

Contacts for this property:

Rare Four-Plus Acre Close in Eastside Location Within Seattle MSA

Woodgate Center provides an opportunity to acquire a roughly 47,000 SF retail center on over four acres in one of the region's highest demographic areas with future possibilities offering income that can be quickly improved for short or mid-term cash flow, flexible zoning, and offers versatility in timing and planning for numerous development options. This Woodinville location is on the main east-west commercial arterial in the downtown core which has experienced unparalleled growth over the last 25 years and remains one of the regions most sought after suburban locations.
Download Marketing Package
Cap Rate-
Leasable Sq Ft46,759 SF
Land Area4.24 AC
Price Per SQ Ft-
Lease TypeVarious
Year Built1968-1991
TenantsBrighton Academy, Mi Terra Mexican Restaurant, Edward Jones

Investment highlights

- Rare four-plus acres in the downtown Woodinville core on a flat topography and a relatively square lot.
- Immediate development opportunity on the north portion of the Property allows for phased development with flexible timing.
- Flexible CBD zoning allows up to 57 feet and increased density for a potential mixed-use development.
- In-place income and a variety of leasing options allow for controllable yield during planning stages.
- Frontage along NE 175th Street, downtown Woodinville's main commercial arterial, as well as access and exposure to Woodinville-Snohomish Road.
- Across from 3.3 acre major civic center mixed-use redevelopment, including 275 multi-family units.
- Significant retail demand in the immediate area, in particular grocery and drug segments, underserved.
- Demographic shift to the suburbs and home ownership opportunities dwindling provide substantial demand.
- Commercial and residential area growth have been significant for several consecutive years.
- The wine and beverage industry has dramatically increased in Woodinville creating a tourism destination.
- High demographic area recognizing annual household incomes near $120,000.
- Neighboring Doug's Boats 3.5 acre site is currently on the market for sale by Colliers International - Bellevue.