Active · Commercial Sale

12509 NE Bel Red Road , Bellevue, WA 98005

Bellevue, WA 98005

$4,890,000

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by WPI Real Estate Services, Inc. · MLS #2490740 · Active

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About this property

WPI Real Estate is pleased to present an exceptional opportunity to own 12509 NE Bel-Red Road, Bellevue, a prime, free-standing office building that is strategically positioned just one block from the Meta-anchored Spring District. Featuring highly versatile 'O' (Office) zoning, this asset accommodates a broad spectrum of permitted uses, including day care centers, professional offices, medical clinics, educational and religious facility. The property offers a rare, turnkey advantage: while currently 100% tenanted, the seller will secure early lease terminations, allowing an owner-user to occupy all or a portion of the space without the hassle or cost of tenant buyouts. Located at the epicenter of regional connectivity, the site is close to the Spring District and Wilburton Light Rail Stations, with immediate access to I-405 and SR-520 for effortless Puget Sound commuting. Positioned directly in the path of growth, the property will significantly benefit from upcoming changes to Bellevue’s Comprehensive Plan, which will allow for higher density, drive population growth, and inherently enhance the underlying long-term value of the site.

Property details

Property type: Commercial Industrial
Year built: 1983
Lot size: 28,720 sq ft
Association dues: $450 · Monthly
Parking spaces: 30

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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