Property summary
This exceptional commercial property presents a unique investment opportunity in the heart of Downtown Bellevue, Washington. The property encompasses a 2,100 square foot, single-tenant office building situated on a substantial 0.35-acre lot (15,277 square feet). Built in 1955 and renovated in 1985, the two-story building offers ample space for a variety of commercial uses. The property boasts 60 parking spaces, a significant advantage in this high-demand location. Its zoning designation is DNTN-MU. The King County property, with APN 239960-0027, is conveniently located just two blocks from the Bellevue Transit Center, providing easy access to public transportation and Highway 405. The previous use of the land was for car sales, suggesting potential for redevelopment or repurposing. The building is currently vacant, offering immediate occupancy for a new tenant. Utilities and insurance are the responsibility of the tenant. This prime Bellevue location offers exceptional visibility and accessibility, making it an ideal investment for discerning buyers seeking a versatile commercial property with significant development potential. The property taxes are $0 per square foot.
Property profile
VerifiedCap rate & NOI
Current use
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Car Dealership
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
DNTN-MU · Bellevue, WAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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