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Listed by:WPI Real Estate Services, Inc. • TC Wu
$ 4,890,000
Est. payment | /mo
0.66 Acres Lot
$ 4,890,000
Est. payment | /mo
0.66 Acres Lot
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Pending
Purchase Type For Sale
Subdivision Wilburton
MLS Listing ID 2490740
Style 60 - Comm Bldg Und 10K
HOA Fees $450/mo
Year Built 1983
Lot Size 0.659 Acres
Lot Dimensions Commercial, Office
Property Sub-Type Commercial Industrial
Property Description
WPI Real Estate is pleased to present an exceptional opportunity to own 12509 NE Bel-Red Road, Bellevue, a prime, free-standing office building that is strategically positioned just one block from the Meta-anchored Spring District. Featuring highly versatile 'O' (Office) zoning, this asset accommodates a broad spectrum of permitted uses, including day care centers, professional offices, medical clinics, educational and religious facility. The property offers a rare, turnkey advantage: while currently 100% tenanted, the seller will secure early lease terminations, allowing an owner-user to occupy all or a portion of the space without the hassle or cost of tenant buyouts. Located at the epicenter of regional connectivity, the site is close to the Spring District and Wilburton Light Rail Stations, with immediate access to I-405 and SR-520 for effortless Puget Sound commuting. Positioned directly in the path of growth, the property will significantly benefit from upcoming changes to Bellevue's Comprehensive Plan, which will allow for higher density, drive population growth, and inherently enhance the underlying long-term value of the site.
Location
State WA
County King
Area 530 - Bellevue/East Of 405
Interior
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood
Roof Type Composition
Building
Sewer Sewer Connected
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Rita Breazile
Agent | License ID: 20121282