16440 NE 85th St

16440 NE 85th St, Redmond, WA 98052

Property Information

  • For Sale $4,198,000
  • Property Type VacantLand
  • Property Size 2,913 SF
  • Units 1
  • Lot Size 0.5 Acre
  • Year Built 1948
  • Date Updated Apr 27, 2026

Description

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.

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

Stren Lea

Lee & Associates Commercial Real Estate Services

Location

Located at 16440 NE 85th St, Redmond, WA 98052, this property is part of the Downtown Redmond neighborhood and Seattle market.

Contact Listing Broker
Stren Lea

Lee & Associates Commercial Real Estate Services

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