Rare opportunity to acquire a 14,400-square-foot development site in the heart of Downtown Redmond. The property is zoned Downtown Core (DTC), the city's highest-intensity zoning designation, allowing for a Floor Area Ratio (FAR) of up to 6.5 and a maximum buildable area of approximately 93,600 square feet. Positioned within walking distance of the Downtown Redmond Light Rail Station. The site offers an exceptional opportunity to develop a high-density mixed-use project in a supply-constrained market. Permitted uses include a combination of multifamily residential, office, retail, hospitality, and other complementary commercial uses, providing flexibility to capitalize on evolving market demand. With continued investment in Downtown Redmond, strong employment growth, and increasing demand for urban mixed-use developments, offers investors and developers the opportunity to create a landmark project in one of the Eastside's most dynamic and desirable submarkets.
| MLS # | 2544646 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 137 |
| Listing Provided By | Windermere Bellevue Commons | Joyce Wei |
| Zoning | DTC |
|---|---|
| Acreage | 0.33 |
| Property | 33279 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Redmond |
| Zip Code | 98052 |
| Area | 550 Redmond | Carnation |
| Community Name | Downtown Redmond |
| School District | Raymond Jnr Snr High |
| Elementary School | Raymond Elem |
| High School | Raymond Jnr Snr High |
| Listing VS Median (in Downtown Redmond) | |
Price: $2,380,000 low | high Med: $554,900 On site: 137 low | high Med: 35 | |
| State | WA |
|---|---|
| County | King |
| City | Redmond |
| Zip Code | 98052 |
| Area | 550 Redmond | Carnation |
| Community Name | Downtown Redmond |
| School District | Raymond Jnr Snr High |
| Elementary School | Raymond Elem |
| High School | Raymond Jnr Snr High |
| Listing VS Median (in Downtown Redmond) | |
Price: $2,380,000 low | high Med: $554,900 On site: 137 low | high Med: 35 | |
![]() | $1,999,50016518 Ne 85th StreetRedmond, WA 98052 |