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JRJeff ReynoldsCompass · Seattle

Listed by Joyce Wei, Windermere Bellevue Commons

Land
Type
14,400 sq ft
Lot
20
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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Directions

Property details

Listing details

Listing number
#2544646
Listed
June 23, 2026
Days on market
20

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

  1. Listed

    $2,580,000

    June 23, 2026

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

$15,024

Principal & interest
$13,046
Property tax (est.)
$1,978

Assumes $516,000 down (20%), a $2,064,000 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.

Similar nearby listings

Based on information submitted to the MLS GRID as of July 13, 2026 at 11:01 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.