206-584-6195
1801 130th Ave NE, Bellevue, WA for Sale
Office - FOR SALE
1/3
null | Request Cap Rate

1801 130th Ave NE
Bellevue, WA 98005
Bel-Red


HIGHLIGHTS

  • MUR-H ZONING UPSIDE
  • IN-PLACE INCOME WITH FLEXIBLE SITE CONTROL
  • TRANSIT-ORIENTED BELLEVUE LOCATION
  • SURROUNDED BY MAJOR EMPLOYMENT DRIVERS
  • AFFLUENT DEMOGRAPHICS
  • CONTINUED DEMAND FOR HOUSING EXPANSION

OVERVIEW

Radiance Tower is a fully occupied Bellevue office property that offers investors a rare combination of in-place income and immediate redevelopment upside. The site has recently been redesignated to Mixed-Use Residential Highrise (MUR-H) through Bellevue’s HOMA framework, materially shifting its highest and best use from legacy office to high-density residential or mixed use development. Existing leases include redevelopment clauses, allowing a developer to acquire the asset free and clear of encumbrances. Located near the Spring District and the Sound Transit East Link Extension, Radiance Tower is well positioned within Bellevue’s innovation corridor and benefits from convenient access to major regional employment centers. With proximity to employers including Microsoft, Meta, and Amazon, the property presents a compelling redevelopment opportunity in one of the Eastside’s most desirable transit-oriented growth locations.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Radiance Tower

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

BR-RC-1

APN/PARCEL ID

282505-9228

ASK ABOUT THIS PROPERTY

RJ VaraNorthmarqMore Info
206-584-6195

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RJ VaraNorthmarqMore Info
206-584-6195

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