8550 164th Avenue NE, Redmond, WA 98052

$4,750,000

Listing courtesy of COMPASS.

List Price
$4,750,000
Status
ACTIVE
MLS#
2180998
Days on Market
16
Annual Tax Ammount
12709

Property Description

Fully permitted 0.25-acre development site in Redmond, WA! Site is 0.6 miles from the Downtown Redmond Light Rail Station and close to shopping, dining and entertainment. Seller has permits in-hand; a preliminary analysis proposes the development of 99 residential units, two micro offices, ground-floor commercial or amenity space, and garage parking. Surging growth surrounding the site in conjunction with its irreplaceable location support strong future rental demand; property seeking LEED Platinum certification. Take the opportunity to invest in the development of one of Washington's most beautiful cities!

Additional Information

Community
Redmond
Style
73 - Office
Year Built
1941
Roof
Composition
Tax Year
2023
Potential Terms
Cash Out, Conventional, Owner Financing, See Remarks
Interior Features
Hardwood, Wall to Wall Carpet
Flooring
Hardwood, Carpet
Driving Directions
NW on 154th Ave NE, E on NE 85th St, N on 164th Ave NE. Property on RHS
Energy Source
Electric
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