11520 Northup Way, Bellevue, WA 98004
- $3,170,000
Listing courtesy of Westlake Associates, Inc..
- List Price
- $3,170,000
- Status
- ACTIVE
- MLS#
- 2567720
- Days on Market
- 0
- Annual Tax Ammount
- 13628
Property Description
Rare Eastside investment/flex opportunity with strong income and upside potential. Approximately 3,600 SF building on an approximately 22,890 SF flat, usable lot currently leased to two tenants for immediate cash flow. Location with excellent access to Medina, Clyde Hill, Houghton, and the broader Eastside with limited competing commercial/flex inventory - many nearby sites converting to residential. BUILDING/SITE: 13ft ceilings, 3 roll-up doors, dedicated vented paint room, two bathrooms, gas force- air heat, concrete exterior, 30+ parking spots, large covered carport, secured front entry gate DEVELOPMENT /REPOSITIONING POTENTIAL: Zoned GC (General Commercial), the property supports a wide range of uses and offers strong potential for expansion, repositioning, or redevelopment. Buyers should independently verify zoning, permitted uses, expansion opportunities, parking standards, and environmental conditions. Office FAR: 0.50. Rear Setback 10’ with Geotech.
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Additional Information
- Community
- Bridle Trails
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1978
- # of Assigned Spaces
- 30
- Tax Year
- 2026
- Potential Terms
- Cash, Conventional
- Driving Directions
- via 1-5: Exit 13B to NE 8th St, left onto 116th Ave NE, left onto Northup Way, building will be on your left. via 520: Exit at 124th Ave NE, right onto Northup Way, building will be on your left.
- Net Operating Income
- $111,640
- Gross Adjusted Income
- $140,310
- Gross Scheduled Income
- $147,695
- Water/Sewer/Garbage Expenses
- $9,289
- Vacancy Rate
- 5
- Total Expenses
- $28,670
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.