$4,750,000 USD
215-917-1742
16440 85th St
Redmond, WA 98052
Downtown Redmond
HIGHLIGHTS
- Strong Rental Market: Downtown Redmond’s average monthly rent is $2,461, with a rent growth of 4.6% over the past year
- Rental Advantage: With a 79% cost advantage, renting in Redmond is significantly more affordable than homeownership.
- Transit-Oriented Development Potential: Located just 0.2 miles from the Redmond Transit Center offers unparalleled connectivity.
OVERVIEW
A recent upzone has designated the property within Downtown Edge (DE) zoning, allowing for a range of commercial and residential uses with a base maximum height of 45 feet before incentive increases. 16440 NE 85th Street provides buyers with a prime opportunity to repurpose a centrally located & flat property in Downtown Redmond.
FOR SALE DETAILS
PRICE
$4,750,000 USD
PRICE/ACRE
$9,500,000/AC
PRICE/SF
$218 USD /SF
# OF LOTS
-
LAND DETAILS
PROPERTY TYPE
Land
PROPERTY SUBTYPE
Commercial
LAND PROPOSED USE
Commercial, Retail, Office, Mixed Use, Multi-Family, Hospitality, Apartment Units, Apartment Units - Condo, Apartment Units - Dorms, Apartment Units - Senior, Apartment Units - Subsdzd, Auto Dealership, Auto Repair, Bank, Bar, Baseball Field, Bowling Alley, Car Wash, Casino, Cemetery/Mausoleum, Community Center, Convenience Store, Day Care Center, Department Store, Drug Store, Fast Food, Funeral Home, Garden Center, General Freestanding, Health Care, Health Club, Hold for Development, Hold for Investment, Hotel, Lodge/MeetingHall, Loft/Creative Space, Medical, Motel, Movie Theater, Movie/Radio/TV Studio, Neighborhood Center, Office Park, Police/Fire Station, Post Office, Public Library, Public Park, Public Swimming Pool, R&D, Rehabilitation Center, Religious Facility, Restaurant, Retail Warehouse, Schools, Self-Storage, Service Station, Shelter, Specialty/Festival/Entertainment, Storefront, Storefront Retail/Office, Storefront Retail/Residential, Strip Center, Supermarket, Veterinarian/Kennel, Winery/Vineyard, Amusement Park, undefined
LAND ACRES
0.5 AC
LAND SF
21,780 SF
OFFSITE IMPROVEMENTS
Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation
ZONING
Downtown Edge
APN/PARCEL ID
012505-9116
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215-917-1742
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215-917-1742
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