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Mixed-Use Apartment with Ground Retail
For Lease
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2110 152nd Ave NE, Redmond, WA 98052

Ground-floor retail totaling 2,552 SF is planned for a new 233-unit mixed-use community, with space that can be combined.

Space Size2,552 SF
Days on Market109

Property Features for 2110 152nd Ave NE

General Information

Standard status Active
Size 2,552 SF
Property subtype RETAIL
Lease Type NNN

Additional Details

Highway Access Yes
Multifamily Units 233

Spaces For Lease

at 2110 152nd Ave NE
Kestrel Apartments $45/SF/Yr
Size 2,552 SF
Type RETAIL
Lease Type NNN
Availability AVAILABLE, Completion
Coming Q2 2027, this new 233-unit mixed-use apartment community will feature 2,552 SF (1,600 SF + 952 SF) prominent ground-floor restaurant opportunity. Located in the heart of the Overlake trade area between Bellevue and Redmond, the property is surrounded by major employers including Microsoft, Meta, LinkedIn, and Docusign, with excellent access to SR 520, nearby light rail, dedicated customer parking, and a rapidly growing residential and employment base.
Contact us
Listing Agency: West Coast Commercial Realty, LLC
Listed By: Blake Taylor · License #104178
Source: Moodyscre
Added: Jul 13 Changed: Oct 25 Last Checked: Oct 28 at 11:54AM

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 West Coast Commercial Realty, LLC

Rey
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Investment Insights

Based on property information with market context.

Coming Q2 2027, this new 233-unit mixed-use apartment community will include 2,552 SF of ground-floor retail designed for restaurant and retail uses. The retail component is sized at 1,600 SF plus 952 SF and can be combined to support larger concepts.

The property is located in the heart of the Overlake trade area between Bellevue and Redmond. The area is surrounded by major employers including Microsoft, Meta, LinkedIn, and Docusign, and it is described as having excellent access to SR 520 and nearby light rail, along with dedicated customer parking.

Retail offerings are planned at street level as part of the residential development, creating a mixed-use environment within a rapidly growing residential and employment base.

Key Highlights

  • Coming Q2 2027: new 233‑unit mixed‑use apartment community planned
  • Planned ground‑floor retail totals 2,552 SF (1,600 SF + 952 SF)
  • Two retail spaces can be combined for larger restaurant/retail use

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Storage Facility Electrical Service Garden Center (Bike/Boat/Book/etc) Store Auto Parts Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

233
Residential units
Yes
Highway access
NNN (Triple Net)
Lease Type
$6.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,414
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Ground-floor retail totaling 2,552 SF is planned for a new 233-unit mixed-use community, with space that can be combined.
Where is this mixed-use property located?
The property is located at 2110 152nd Ave NE Redmond, WA.
What is the lease rate?
The lease rate is $45 SF/Yr.
What are key features of this property?
This property features: Coming Q2 2027: new 233‑unit mixed‑use apartment community planned; Planned ground‑floor retail totals 2,552 SF (1,600 SF + 952 SF); Two retail spaces can be combined for larger restaurant/retail use
(206) 931-0525 Call to check price and availability
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