SE 43rd Way, Issaquah, WA 98027 - King County

Property 1202-100

Mallard Bay Multi-Family Development Site by Lake Sammamish

Published Reserve

No Minimum Bid

Last Asking

2011 2012 Real Market Value/ King County: $2,340,000

Size

13 Acres

Zoning

MultiFamily High

Property Inspection

At Any Time

Financing

None All Cash

Description

This 13 acre MultiFamily Development site is located on the east side of Lake Sammamish at the corner of SE 43rd Way and East Lake Sammamish Parkway across from the Lake Sammamish State Park boat launch. City of Issaquah zoning will allow up to 29 units per acre in a MultiFamily High Zoning designation. The property was previously anticipated to support 167 units within four buildings, with underground parking, as outlined in the conceptual plan included in the Supplemental Information Package. The planning of this development and a neighboring condominium project created a need for traffic and sewer improvements along East Lake Sammamish Parkway S.E., funded through the assessment of Local Improvement Districts, for which the successful bidder will assume payments. See Supplemental Information Package for summary of LID assessments. All services are available to the property

Location

Township 24 North, Range 6 East, Section 16, Tax Lot 162406900702. From I90 in Issaquah, follow East Lake Sammamish Parkway to SE 43rd Way and the property

SEALED BIDS DUE NO LATER THAN 5:00 P.M., May 16, 2012