Description
Preliminary study to develop 18 townhomes on nearly one acre of developable land that spreads across four parcels. The site also presents a great opportunity for an assisted living facility due to its location and increased density. First time this property has been on the market in over 40 years. Currently there are two single family rental properties and a World for Kids daycare that bring in rental income. The rental income will help cover the property taxes during the permitting process for a new development. All tenants are on month-to-month leases and will not interfere with the potential development. The site is less than one mile from Downtown Bellevue, providing easy access to a thriving business district home to major employers.
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0BEDS
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0.99ACRES
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0BATHS
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01/2 BATHS
Listing information ©2025 Northwest MLS. Listing courtesy of Paragon Real Estate Advisors.
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Description
Preliminary study to develop 18 townhomes on nearly one acre of developable land that spreads across four parcels. The site also presents a great opportunity for an assisted living facility due to its location and increased density. First time this property has been on the market in over 40 years. Currently there are two single family rental properties and a World for Kids daycare that bring in rental income. The rental income will help cover the property taxes during the permitting process for a new development. All tenants are on month-to-month leases and will not interfere with the potential development. The site is less than one mile from Downtown Bellevue, providing easy access to a thriving business district home to major employers.
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