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3103 125th Ave SE
Bellevue, WA 98005
South Bellevue Development Site · Land For Sale
·
0.75 AC
Investment Highlights
- Development Site in Submarket with High Barrier to Entry
- Major Technology Center with Strong Rental Demand
- Pivot-Point Location with Proximity to Interstates, Light Rail:
- Opportunity to Maximize Rental Income
Executive Summary
Development Opportunity in South Bellevue Located at 3103 125th Avenue SE in Bellevue, Washington, this 0.75-acre development site is the perfect investment opportunity. With a prime location within 2 miles of T-Mobile's headquarters, Bellevue College, and the South Bellevue Light Rail Station, this property offers convenience and accessibility. The site, exclusively offered by Berkadia Seattle, is zoned R-30 and has a total lot size of 32,670 square feet. Preliminary plans propose the development of 14 townhome units with garage parking. With the high demand for affordable housing in the area and the site's proximity to transit, employers, and urban cores, there is great potential for maximizing rental income. Bellevue is a major technology center and home to offices of Microsoft, Google, T-Mobile, Amazon, and more. The high cost of homeownership, combined with the excellent quality of life and job opportunities, ensures a continued demand for apartments in this submarket. Don't miss out on this opportunity to invest in a rapidly growing and highly sought-after location.
Property Facts Under Contract
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Total Lot Size | 0.75 AC |
| No. Lots | 1 | No. Stories | 1 |
| Property Type | Land | ||
| Zoning | R-30 | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.75 AC |
| No. Stories | 1 |
| Zoning | R-30 |
1 Lot Available
Lot
| Price | $6,225,705 CAD | Lot Size | 0.75 AC |
| Price Per AC | $8,300,939.80 CAD |
| Price | $6,225,705 CAD |
| Price Per AC | $8,300,939.80 CAD |
| Lot Size | 0.75 AC |
RAW LAND IN THE SEATTLE MSA'S MOST EXPENSIVE SUBMARKET
Property Taxes
| Parcel Number | 092405-9173 | Improvements Assessment | $1,383 CAD |
| Land Assessment | $2,108,439 CAD | Total Assessment | $2,109,822 CAD |
Property Taxes
Parcel Number
092405-9173
Land Assessment
$2,108,439 CAD
Improvements Assessment
$1,383 CAD
Total Assessment
$2,109,822 CAD
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