$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
-
LAND ACRES
0.5 AC
LAND SF
21,780 SF
OFFSITE IMPROVEMENTS
-
ZONING
Downtown Edge
APN/PARCEL ID
012505-9116
ASK ABOUT THIS PROPERTY
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215-917-1742
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215-917-1742
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