15700 Bel Red Rd - Commercial LAND FOR SALE


Bellevue, WA 98008 24,476 SF
$7,500,000 USD
206-300-8909
15700 Bel Red Rd, Bellevue, WA for Sale
$7,500,000 USD
Commercial LAND - FOR SALE
1/10
24,476 SF

15700 Bel Red Rd
Bellevue, WA 98008


HIGHLIGHTS

  • First Time On Market In Over 30 Years
  • Approximately 24,477 SF Flat Lot
  • Potential To Build Up To 130 Apartments (buyer to verify)
  • Maximum Height: 110' with 4.0 FAR
  • NMU Zoning
  • Prime Bel-Red Corridor Next to Microsoft Overlake Campus and Overlake Village Light Rail

OVERVIEW

15700 Bel-Red Road offers a rare chance to acquire a strategically located development site in Bellevue’s rapidly transforming Bel-Red Corridor—literally steps from Microsoft’s Overlake Campus. Approximately 24,477 square foot Flat Lot, recently upzoned to NMU (Neighborhood Mixed-Use), the property now supports mid-rise, mixed-use development up to 110 feet height limit, positioning it perfectly for a high-density multifamily project backed by exceptional demographics, robust job growth, and immediate access to major transit investments including the Overlake Light Rail Station. Existing improvements include a 6,291 SF medical/dental office building, providing an opportunity for an owner-user or interim income generation prior to redevelopment. Potential to build approximately 130 units (Buyer to Verify). First time on the market in over 30 Years.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/ACRE

$13,347,215/AC

PRICE/SF

$306 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Bel Red TOD Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family, Apartment Units

LAND ACRES

0.56 AC

LAND SF

24,477 SF

OFFSITE IMPROVEMENTS

-

ZONING

NMU

APN/PARCEL ID

067310-0089

ASK ABOUT THIS PROPERTY

David PetersenWestlake Associates, Inc.More Info
206-300-8909

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David PetersenWestlake Associates, Inc.More Info
206-300-8909

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.