Listed by Joyce Wei, Windermere Bellevue Commons
- Land
- Type
- 14,400 sq ft
- Lot
- 111
- Days on market
About this property
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.
Location & commute
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Jeff's Neighborhood Guide
Get to know the Redmond/Carnation area
Jeff's Seattle & Eastside Neighborhood Guide profiles 70 communities: the streets, shorelines, parks, markets, and local places that define each one. It is editorial, separate from the MLS listing data above.
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Property details
Listing details
- Listing number
- #2544646
- Listed
- June 23, 2026
- Days on market
- 111
- Original list price
- $2,580,000
Construction
- Style
- 43 - Comm/Industrial
- Structure
- None
Lot
- Lot size
- 14,400 sq ft
Terms
- Terms offered
- CashConventional
Utilities
- Utilities
- Electricity Not Available
- Water
- Not Available
- Sewer
- Not Available
Schools
- District
- Raymond
- Elementary
- Raymond Elem
- Middle
- Raymond Jnr Snr High
- High
- Raymond Jnr Snr High
What stands out to you?
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- None
- Cash
- Conventional
- Electricity Not Available
- Not Available
Listing history
Listed
$2,580,000
June 23, 2026
Current price
$2,380,000
Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.
Payment estimate
An estimate to help you plan, not a loan offer or financial advice.
Est. monthly
$13,860
- Principal & interest
- $12,035
- Property tax (est.)
- $1,825
Assumes $476,000 down (20%), a $1,904,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.
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Based on information submitted to the MLS GRID as of October 12, 2026 at 7:15 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.