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814-844 Bellevue Way SE - Bellevue Way Development Site 0.99 Acres of Residential Land Offered at $10,383,075 CAD in Bellevue, WA 98004
INVESTMENT HIGHLIGHTS
- Almost a full acre of land one mile from Downtown Bellevue, one of the nation’s fastest growing tech and business ecosystems
- Ideal location for a senior or assisted living facility
- Permits for 18 townhomes ready to be re-submitted and approved by the City of Bellevue
EXECUTIVE SUMMARY
Paragon Real Estate Advisors is pleased to announce the exclusive listing of the Bellevue Way Development site. This is the first time the properties have been on the market in over 40 years. Permits are ready to be re-submitted to the City of Bellevue to develop 18 townhomes on nearly one acre of developable land that spreads across four parcels. The site also presents a great opportunity for an assisted living facility due to its location and increased density.
Currently there are two single family rental properties and a World for Kids daycare that bring in rental income. The rental income will help cover the property taxes during the permitting process for a new development. All tenants are on month-to-month leases and will not interfere with the potential to develop on the property.
The site is just one mile from Downtown Bellevue, providing easy access to a thriving business district home to major employers such as Amazon, Microsoft, and Salesforce, which have prominent offices in the area. The property is near the recently opened Bellevue Downtown Link light rail station, offering seamless connectivity to Seattle and other key regional destinations. Surrounded by a mix of high-end retail, dining, and corporate headquarters, this location is a prime hub for professionals working in one of the nation’s fastest-growing tech and business ecosystems.
Currently there are two single family rental properties and a World for Kids daycare that bring in rental income. The rental income will help cover the property taxes during the permitting process for a new development. All tenants are on month-to-month leases and will not interfere with the potential to develop on the property.
The site is just one mile from Downtown Bellevue, providing easy access to a thriving business district home to major employers such as Amazon, Microsoft, and Salesforce, which have prominent offices in the area. The property is near the recently opened Bellevue Downtown Link light rail station, offering seamless connectivity to Seattle and other key regional destinations. Surrounded by a mix of high-end retail, dining, and corporate headquarters, this location is a prime hub for professionals working in one of the nation’s fastest-growing tech and business ecosystems.
PROPERTY FACTS Under Contract
| Price | $10,383,075 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 0.99 AC |
| Zoning | R-30 | ||
| Price | $10,383,075 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.99 AC |
| Zoning | R-30 |
1 LOT AVAILABLE
Lot
| Price | $10,383,075 CAD | Lot Size | 0.99 AC |
| Price Per AC | $10,516,828.20 CAD |
| Price | $10,383,075 CAD |
| Price Per AC | $10,516,828.20 CAD |
| Lot Size | 0.99 AC |
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814-844 Bellevue Way SE - Bellevue Way Development Site
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