15700 Bel-Red Road offers a rare chance to acquire a strategically located development site in Bellevue’s rapidly transforming Bel-Red Corridorliterally 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.
| MLS # | 2511306 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 136 |
| Listing Provided By | Westlake Associates, Inc. | Chad Michael Martini |
| Zoning | NMU |
|---|---|
| Acreage | 0.56 |
| Property | 17520 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Bellevue |
| Zip Code | 98008 |
| Area | 530 Bellevue | East of 405 |
| Community Name | Overlake |
| Listing VS Median (in Overlake) | |
Price: $6,500,000 low | high Med: $664,995 On site: 136 low | high Med: 91 | |
| State | WA |
|---|---|
| County | King |
| City | Bellevue |
| Zip Code | 98008 |
| Area | 530 Bellevue | East of 405 |
| Community Name | Overlake |
| Listing VS Median (in Overlake) | |
Price: $6,500,000 low | high Med: $664,995 On site: 136 low | high Med: 91 | |