Prime Redevelopment Opportunity - Village Office Park
Prime Redevelopment Opportunity in Bellevue/Kirkland
Marketing description
This is a development opportunity that is ideally positioned to access and enjoy the best of Bellevue, Kirkland, Seattle, and the Eastside. The site is a corner parcel that rests along the Cross Kirkland Corridor trail and is surrounded by a variety of residential zonings. The location boasts immediate access to SR 520, I-405, childcare, food, and the South Kirkland Park & Ride. Based on the zoning code, input from City of Bellevue staff, and an architectural analysis of the site constraints, we believe it is feasible to accommodate up to 27 dwelling units on the site, with suites ranging in size from 2-3 bedroom units, using a concept that includes 3 levels of flat units over enclosed parking. The concept includes additional guest parking as well. The property area is approximately 59,577 SF (1.37 acres) and allows for a maximum lot coverage area of 18,468 SF. The existing building can be completely vacated by December 31, 2027.
Investment highlights
Rare Bellevue/Kirkland Development Opportunity
Adjacent to SR 520 & I-405
Minutes from downtown Bellevue & Kirkland
Close proximity to Lake Washington
Easy access to Microsoft, Google & Amazon
Neighboring South Kirkland Park & Ride
Cross Kirkland Corridor - 27 mile bike & walking path
Multiple childcare & school options, parks, walking trails, restaurants, grocery stores and offices
Site will support a maximum of 27 units
Recently contracted studies and reports include: topography and alta level survey, concept level architectural design, pre-application meeting materials, Geotech report, title reports, sensitive area slopes boundary
Leases have redevelopment clauses, and building can likely be fully vacant for redevelopment by December 31, 2027 if desired
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