15700 NE Bel-Red Road, Bellevue, WA 98008 (MLS # 2511306)

Listing provided courtesy of Northwest MLS; Westlake Associates, Inc.

PRICE	$7,500,000
SIZE	n/a
LOT SIZE	24,477 sqft

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15700 Bel-Red Road offers a rare chance to acquire a strategically located development site in Bellevue's rapidly transforming Bel-Red Corridor"”literally steps from Microsoft's Overlake Campus. Approximately 24,477 square foot Flat Lot, recently upzoned to NMU (Neighborhood Mixed-Use), the property now supports mid-rise, mixed-use development up to 110 feet height limit, positioning it perfectly for a high-density multifamily project backed by exceptional demographics, robust job growth, and immediate access to major transit investments including the Overlake Light Rail Station. Existing improvements include a 6,291 SF medical/dental office building, providing an opportunity for an owner-user or interim income generation prior to redevelopment. Potential to build approximately 130 units (Buyer to Verify). First time on the market in over 30 Years.

LAST UPDATED	4/21/2026	TRACT	Overlake
YEAR BUILT	0	COMMUNITY	Overlake
COUNTY	King	STATUS	Active
PROPERTY TYPE(S)	Commercial

ADDITIONAL DETAILS
AREA	530 - Bellevue/East of 405
HEAT	None
LOT	0.5619 acre(s)
LOT DESCRIPTION	Curbs, Paved, Sidewalk
MLS STATUS	Active
STYLE	43 - Comm/Industrial
SUBDIVISION	Overlake
TAXES	17520
UTILITIES	Electricity Connected, Natural Gas Available, Sewer Available
ZONING	Commercial,Multi-Family,See Remarks

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 5/4/26 1:23 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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