8520 164Th Ave NE Redmond, WA 98052

FOR SALE

Commercial land

Property ID

US90-1672946

18,000 SF Built 1949

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For Sale

$6,000,000 18,000 SF

8520 164Th Ave NE, Redmond, WA 98052

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An approximately 18,000-square-foot corner development site is located in Downtown Redmond, Washington. The property is zoned Town Square (TSQ) and, under Downtown Core zoning rules, is positioned for high-density multifamily development with potential for roughly 7 to 8 stories. The site is flat and centrally located, with close proximity (about 0.2 miles) to the Redmond Transit Center, supporting transit-oriented development considerations. It is also near major transportation corridors and regional employment and travel routes, including access to SR-520 and connections facilitating commutes to Bellevue (~9 miles), Seattle (~15 miles), and SeaTac Airport (~23 miles). Nearby amenities include Redmond Town Center and Bella Bottega, as well as outdoor and trail resources such as Marymoor Park, Lake Sammamish, and the surrounding trail network.

Property type Commercial land

Year built 1949

Total area 18,000 SF

UPID US90-1672946

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

8520 164Th Ave NE Redmond, WA 98052

Redmond metro

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Comparables

6 recent transactions · within 1.5 mi

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