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15700 Bel Red Rd - Bel Red TOD Site 0.56 Acres of Commercial Land Offered at $10,272,825 CAD in Bellevue, WA 98008
Investment Highlights
- First Time On Market In Over 30 Years
- Potential To Build Up To 130 Apartments (buyer to verify)
- NMU Zoning
- Approximately 24,477 SF Flat Lot
- Maximum Height: 110' with 4.0 FAR
- Prime Bel-Red Corridor Next to Microsoft Overlake Campus and Overlake Village Light Rail
Executive Summary
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.
Property Facts
| Price | $10,272,825 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.56 AC |
| Zoning | NMU - Neighborhood Mixed-Use, Bellevue | ||
| Price | $10,272,825 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.56 AC |
| Zoning | NMU - Neighborhood Mixed-Use, Bellevue |
1 Lot Available
Lot
| Price | $10,272,825 CAD | Lot Size | 0.56 AC |
| Price Per AC | $18,281,812.67 CAD |
| Price | $10,272,825 CAD |
| Price Per AC | $18,281,812.67 CAD |
| Lot Size | 0.56 AC |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 067310-0089 | Improvements Assessment | $118,117 CAD |
| Land Assessment | $2,676,919 CAD | Total Assessment | $2,795,036 CAD |
Property Taxes
Parcel Number
067310-0089
Land Assessment
$2,676,919 CAD
Improvements Assessment
$118,117 CAD
Total Assessment
$2,795,036 CAD
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15700 Bel Red Rd - Bel Red TOD Site
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