Map of Property

16440 NE 85th St

16440 NE 85th St, Redmond, WA 98052

  • For Sale $4,750,000
  • Property Type VacantLand
  • Property Size 2,913 SF
  • Units 1
  • Lot Size 0.5 Acre
  • Year Built 1948
  • Date Updated Aug 12, 2025
The location benefits from exceptional connectivity, including its proximity to the Redmond Transit Center (0.2 miles) and the Sound Transit East Link Light Rail station. These features, coupled with flexible development options, position the site as a unique value proposition in one of the Eastside’s fastest growing markets. This property is ideally situated near Redmond’s key amenities, offering immediate access to shopping, dining, and recreational opportunities. Its walkable and bikeable location, in close proximity to Lake Sammamish and Marymoor Park, enhances the appeal to future residents.Lee & Associates Commercial Real Estate Services, LLC (“Lee & Associates”), is pleased to present the opportunity to acquire 16440 NE 85th Street, a 21,750-square-foot property situated in the heart of Redmond. The property currently has a +/-2,200 sqft medical office and two storage buildings totaling +/-1,800 sqft and is supported by ample parking. A recent upzone has designated the property within Downtown Edge (DE) zoning, allowing for a range of commercial and residential uses with a base maximum height of 45 feet before incentive increases. 16440 NE 85th Street provides buyers with a prime opportunity to repurpose a centrally located & flat property in Downtown Redmond.
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Highlights

  • Favorable Zoning: Downtown Edge zoning allows up to 45 feet before incentive adjustments, enabling dense multifamily development.
  • Rental Advantage: With a 79% cost advantage, renting in Redmond is significantly more affordable than homeownership.
  • Strong Rental Market: Downtown Redmond’s average monthly rent is $2,461, with a rent growth of 4.6% over the past year, significantly outpacing the local and national averages.
  • Transit-Oriented Development Potential: Located just 0.2 miles from the Redmond Transit Center offers unparalleled connectivity.

Contacts

broker
Stren Lea

Lee & Associates Commercial Real Estate Services

Location

Getting Around

  • Walk Score ®

    87/100 Very Walkable

  • Transit Score ®

    52/100 Good Transit

  • Bike Score ®

    88/100 Very Bikeable
Powered by Walk Score ®
  • City Redmond, WA
  • Neighborhood Downtown Redmond
  • Zip Code 98052
  • Market Seattle

Points of Interest

  • Brooklyn Avenue & 45th Street

    9.10 miles

  • U District

    9.10 miles

  • 43rd Street & Brooklyn Avenue

    9.11 miles

  • Northgate

    9.82 miles

  • NE 130th Street

    9.97 miles

  • Chevron

    0.38 miles

  • ChargePoint

    0.44 miles

  • 76

    0.55 miles

  • Blink

    0.93 miles

  • Arco #5920

    1.08 miles

  • Shell

    1.36 miles

  • Costco Gasoline

    1.42 miles

  • Arco

    2.21 miles

  • Mobil

    2.45 miles

  • Electrify America Charging Station

    3.40 miles

  • Redmond Center Employee Lot – WG10

    0.40 miles

  • Redmond City Hall Campus Parking

    0.44 miles

  • Redmond Central Connector Parking

    0.45 miles

  • Luke McRedmond Landing

    0.60 miles

  • Lot K

    0.97 miles

  • Bear Creek Park & Ride

    0.97 miles

  • Lot I

    1.02 miles

  • Lot B

    1.07 miles

  • Event Parking

    1.21 miles

  • East Marymoor Lot

    1.23 miles

  • Hilton Garden Inn

    0.38 miles

  • Residence Inn Seattle East/Redmond

    0.47 miles

  • Redmond Marriott Town Center

    0.53 miles

  • Hyatt House - Redmond

    0.58 miles

  • Archer Hotel

    0.68 miles

  • Hampton Inn & Suites

    0.88 miles

  • Redmond Inn

    1.00 miles

  • WoodSpring Suites

    1.17 miles

  • Tiny House

    2.40 miles

  • Ethan

    2.89 miles

  • Ristorante Tropea

    0.10 miles

  • Jack in the Box

    0.13 miles

  • Bandidos Mexican Grill

    0.21 miles

  • Spark Pizza

    0.21 miles

  • Noburu Ramen & Sushi

    0.21 miles

  • MOD Pizza

    0.22 miles

  • Boling Point

    0.23 miles

  • Yummy Pho

    0.24 miles

  • Los Chilangos

    0.24 miles

  • Papa John's

    0.24 miles

  • Redmond Elementary School

    0.22 miles

  • Faith Lutheran School

    0.26 miles

  • 44 School of Music

    0.36 miles

  • Little Folks Christian School

    0.48 miles

  • Brightmont Academy

    0.59 miles

  • Redmond Middle School

    0.89 miles

  • Dartmoor School

    0.95 miles

  • Horace Mann Elementary School

    0.97 miles

  • Sammamish Montessori School

    1.00 miles

  • Mighty Coders

    1.20 miles

  • La Petite Academy

    0.28 miles

  • ABC Learning Center

    0.49 miles

  • Stepping Stones Kids Academy

    0.93 miles

  • KinderCare

    1.42 miles

  • Best Beginnings Preschool

    1.70 miles

  • The Discovery Center

    2.06 miles

  • Early Learning Center

    2.68 miles

  • Bright Horizons

    2.98 miles

  • A Child’s Journey Montessori School

    3.19 miles

  • Overlake KinderCare

    3.54 miles

Frequently Asked Questions

How much does 16440 NE 85th St cost?

The space currently listed for sale at 16440 NE 85th St asks for $4,750,000.

What is the total square footage of 16440 NE 85th St?

16440 NE 85th St totals 2,913 square feet.

When was this property built?

16440 NE 85th St was built in 1948.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Stren Lea

Lee & Associates Commercial Real Estate Services

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