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Listed by:Westlake Associates, Inc. • Chad Michael Martini
$ 7,500,000
Est. payment | /mo
0.56 Acres Lot
$ 7,500,000
Est. payment | /mo
0.56 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Overlake
MLS Listing ID 2511306
Style 43 - Comm/Industrial
Annual Tax Amount $17,520
Lot Size 0.562 Acres
Property Sub-Type Land
Property Description
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.
Location
State WA
County King
Area 530 - Bellevue/East Of 405
Interior
Fireplace false
Exterior
Utilities Available Electricity Connected, Natural Gas Available
View Y/N No
Building
Lot Description Curbs, Paved, Sidewalk
Sewer Available
Water Available, In Street, On Property
Schools
School District Bellevue
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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