12509 NE Bel Red Road, Bellevue, WA 98005
- $4,890,000
Listing courtesy of WPI Real Estate Services, Inc..
- List Price
- $4,890,000
- Status
- ACTIVE
- MLS#
- 2490740
- Days on Market
- 86
- Offer Review Date
- 2026-03-31
Property Description
WPI Real Estate is pleased to present an exceptional opportunity to own 12509 NE Bel-Red Road, Bellevue, a prime, free-standing office building that is strategically positioned just one block from the Meta-anchored Spring District. Featuring highly versatile 'O' (Office) zoning, this asset accommodates a broad spectrum of permitted uses, including day care centers, professional offices, medical clinics, educational and religious facility. The property offers a rare, turnkey advantage: while currently 100% tenanted, the seller will secure early lease terminations, allowing an owner-user to occupy all or a portion of the space without the hassle or cost of tenant buyouts. Located at the epicenter of regional connectivity, the site is close to the Spring District and Wilburton Light Rail Stations, with immediate access to I-405 and SR-520 for effortless Puget Sound commuting. Positioned directly in the path of growth, the property will significantly benefit from upcoming changes to Bellevue’s Comprehensive Plan, which will allow for higher density, drive population growth, and inherently enhance the underlying long-term value of the site.
Additional Information
- Community
- Wilburton
- Building Condition
- Good
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1983
- # of Assigned Spaces
- 24
- Roof
- Composition
- HOA Dues
- $450
- Potential Terms
- Cash, Conventional
- Flooring
- Vinyl, Carpet
- Driving Directions
- From 124th Ave NE; RT on NE 10th Pl; take 3rd LT into the Forum South Building complex (past Quadrant new construction) to Building C.
- Energy Source
- Electric
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