Redmond Land with Development
For Sale
Contact for pricing
16440 NE 85th St, Redmond, WA 98052
21,750 SF property with redevelopment potential in Downtown Redmond.
Property Size4,000 SF
Price / SF$1,049
Days on Market374
Property Features for 16440 NE 85th St
General Information
Standard status
Active
Size
4,000 SF
Class
B
Property subtype
Retail, Office, Land
Zoning
Downtown Edge
Investment Type
Owner/User
Building Details
Year Built
1948
Year Renovated
2000
Buildings
3
Stories
1
Listing Agency:
Lee & Associates - Seattle
Listed By:
Stren Lea · License #WA 121073
Source:
Crexi
Added: Aug 12, 2025
Changed: Aug 16
Last Checked: Aug 18 at 8:57AM
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 Lee & Associates - Seattle
Investment Insights
Based on property information with market context.
Located in the heart of Redmond, the property at 16440 NE 85th Street offers 21,750 square feet of land. Currently, the site includes a medical office of approximately 2,200 square feet and two storage buildings totaling approximately 1,800 square feet, complemented by ample parking. The property's zoning has been recently updated to Downtown Edge (DE), which permits a variety of commercial and residential uses with a base maximum height of 45 feet prior to incentive increases. The location provides exceptional connectivity, with the Redmond Transit Center located 0.2 miles away, along with convenient access to the Sound Transit East Link Light Rail station. The property is near shopping, dining, and recreational opportunities. Its walkable and bikeable location offers proximity to Lake Sammamish and Marymoor Park.
Key Highlights
- Prime location in Downtown Redmond with Downtown Edge (DE) zoning, allowing for flexible commercial and residential development options.
- Significant development potential due to recent upzone with a base maximum height of 45 feet.
- Exceptional connectivity: Proximity to Redmond Transit Center (0.2 miles) and Sound Transit East Link Light Rail station.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,968
Businesses Nearby
Explore this area
Business Placement
Demographics for 98052, WA
77,176
Population
34,946
Households
2.2
Avg Household Size
34
Median Age
75%
College-Educated
98%
High-School Grad
20.3 sq mi
ZIP Area
3,802
Density / Sq Mi
$164,848
Median Household Income
$106,078
Median Earnings
$2,339
Median Rent
$1,107,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 21,750 SF property with redevelopment potential in Downtown Redmond.
Where is this commercial land located?
The property is located at 16440 NE 85th St Redmond, WA.
What is the asking price?
The asking price for this property is $4,198,000.
What are key features of this property?
This property features: Prime location in Downtown Redmond with Downtown Edge (DE) zoning, allowing for flexible commercial and residential development options.; Significant development potential due to recent upzone with a base maximum height of 45 feet.; Exceptional connectivity: Proximity to Redmond Transit Center (0.2 miles) and Sound Transit East Link Light Rail station.
