Village Square | 16150 NE 85th St
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Village Square 16150 NE 85th St
49,915 SF 100% Leased Retail Building Redmond, WA 98052 For Sale
Investment Highlights
- Pleased to present the opportunity to acquire 3.12 acres of land
Executive Summary
Lee & Associates Commercial Real Estate Services, LLC (“Lee & Associates”), is pleased to present the opportunity to acquire 3.12 acres of land with 49,915 RSF SF of existing income producing retail and service office situated in the heart of Redmond, Washington. The offering provides a developer the opportunity to build a large-scale multifamily project in separate phases by acquiring this flat and efficient site. Strategically located in one of the Eastside’s best performing submarkets, Village Square offers the unique combination of stable in-place cash-flows, strong tenancy, mark-to-market upside potential and the opportunity to capitalize on the additional density and reduced parking ratio proposed in Redmond’s most recent comprehensive plan amendment. Village Square benefits from its efficient configuration, a central location in downtown Redmond, convenient and immediate access to shops, restaurants, parks and trails and its proximity, 0.5 mile, from the new Sound Transit Light Rail station opening in 2025 / 2026.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
49,915 SF
Building Class
B
Year Built
1983
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
9’
Building FAR
0.37
Lot Size
3.06 AC
Zoning
TSQ
Parking
192 Spaces (3.85 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Can be combined with Suite 220 for 6,733 SF.
Can be combined with Suite 214 for 6,733 SF.
Office space
| Space | Size | Space Use | Position | Available |
| 214 | 3,866 SF | Office | - | 30 Days |
| 220 | 2,847 SF | Office | - | 30 Days |
| 222-A | 3,104 SF | Office | - | 30 Days |
214
| Size |
| 3,866 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| 30 Days |
220
| Size |
| 2,847 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| 30 Days |
222-A
| Size |
| 3,104 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| 30 Days |
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214
| Size | 3,866 SF |
| Space Use | Office |
| Position | - |
| Available | 30 Days |
Can be combined with Suite 220 for 6,733 SF.
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220
| Size | 2,847 SF |
| Space Use | Office |
| Position | - |
| Available | 30 Days |
Can be combined with Suite 214 for 6,733 SF.
1 of 1
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3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
222-A
| Size | 3,104 SF |
| Space Use | Office |
| Position | - |
| Available | 30 Days |
Office space
Walk Score ®
Walker's Paradise (92)
Bike Score ®
Very Bikeable (89)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 920020-0020 | Improvements Assessment | $1,399 CAD |
| Land Assessment | $25,863,787 CAD | Total Assessment | $25,865,186 CAD |
PROPERTY TAXES
Parcel Number
920020-0020
Land Assessment
$25,863,787 CAD
Improvements Assessment
$1,399 CAD
Total Assessment
$25,865,186 CAD
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Village Square | 16150 NE 85th St
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