Multi-Building Retail & Fitness
For Sale
Contact for pricing
12650-12718 Northup Way, Bellevue, WA 98005
Three commercial parcels anchored by Ironworks Gym and Vetco Electronics in Bellevue's Spring Arts district.
Property Size37,432 SF
Lot Size1.33 Acres
Price / SF$448.81
Days on Market57
Property Features for 12650-12718 Northup Way
General Information
Standard status
Active
Size
37,432 SF
Lot size
1.33 Acres
Property subtype
RETAIL
Zoning
CG
Listing Agency:
Realogics Sotheby's International Realty Bellevue
(206) 890-7032
Listed By:
Nancy Klinck
(206) 890-7032
Source:
Moodyscre
Added: Jun 22
Changed: Aug 14
Last Checked: Aug 17 at 1:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realogics Sotheby's International Realty Bellevue
Investment Insights
Based on property information with market context.
This sale offering includes three sites and three commercial buildings on a combined approx. 58,100 SF (1.33-acre) land area. The buildings total 37,432 SF, and each parcel is described with an associated site size: 12718 Northup Way (11,286 SF building on a 19,600 SF site), 12708 Northup Way (14,077 SF building on an 18,600 SF site), and 12650 Northup Way (12,069 SF building on a 19,900 SF site). Ironworks Gym and Vetco Electronics are the anchor tenants. The property was built and operated as a family business and is described as partially occupied by the family. Additional tenant narrative and income and expense details are available with a non-disclosure agreement.
The property is located in the Spring Arts district of Bellevue, with access to proximity to Downtown Bellevue as noted in the remarks. The offering also references gorgeous views.
From a buyer or operator standpoint, the asset may suit users or investors considering either new construction or rehabilitation, supported by the stated zoning of CG with a 1.1 FAR, which the remarks estimate at approx. 63,910 SF for a potential new building. Interested parties can review the available underwriting information under NDA to evaluate current occupancy and future redevelopment or recapitalization paths.
The property is located in the Spring Arts district of Bellevue, with access to proximity to Downtown Bellevue as noted in the remarks. The offering also references gorgeous views.
From a buyer or operator standpoint, the asset may suit users or investors considering either new construction or rehabilitation, supported by the stated zoning of CG with a 1.1 FAR, which the remarks estimate at approx. 63,910 SF for a potential new building. Interested parties can review the available underwriting information under NDA to evaluate current occupancy and future redevelopment or recapitalization paths.
Key Highlights
- Three commercial parcels totaling approx. 58,100 SF (1.33 acres) at 12718, 12708, and 12650 Northup Way in Bellevue, WA 98005.
- Three commercial buildings totaling 37,432 SF, with parcel/building sizes: 12718 (11,286 SF; 19,600 SF site), 12708 (14,077 SF; 18,600 SF site), 12650 (12,069 SF; 19,900 SF site).
- Anchor tenants include Ironworks Gym and Vetco Electronics.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,040
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98005, WA
20,961
Population
9,420
Households
2.2
Avg Household Size
36
Median Age
71%
College-Educated
95%
High-School Grad
7.3 sq mi
ZIP Area
2,871
Density / Sq Mi
$158,396
Median Household Income
$87,000
Median Earnings
$2,380
Median Rent
$1,373,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Fitness center & gym - Three commercial parcels anchored by Ironworks Gym and Vetco Electronics in Bellevue's Spring Arts district.
Where is this fitness center & gym located?
The property is located at 12650-12718 Northup Way Bellevue, WA.
What is the asking price?
The asking price for this property is $16,800,000.
What are key features of this property?
This property features: Three commercial parcels totaling approx. 58,100 SF (1.33 acres) at 12718, 12708, and 12650 Northup Way in Bellevue, WA 98005.; Three commercial buildings totaling 37,432 SF, with parcel/building sizes: 12718 (11,286 SF; 19,600 SF site), 12708 (14,077 SF; 18,600 SF site), 12650 (12,069 SF; 19,900 SF site).; Anchor tenants include Ironworks Gym and Vetco Electronics.
