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.
MORTGAGE CALCULATOR
$37,924
Estimate only — not a loan offer. Consult a lender for actual terms.
LISTING SNAPSHOT
Price$7,500,000
Bedrooms0
Full Baths0
Half Baths0
Inside Area (SqFt)N/A
Lot Size0.5619 Acres
Year Built0
MLS® Number2511306
StatusActive
Property Tax17520
HOA/Condo/Coop FeesN/A
GENERAL
Acres0.5619
Additional Property UseCommercial, Multi-Family, See Remarks
UtilitiesElectricity Connected, Natural Gas Available, Sewer Available
ZoningNMU
EXTERIOR
Lot FeaturesLevel, Paved
COMMUNITY
Financing Terms AvailableCash, Conventional
MLS Area530 - Bellevue/East of 405
RoadsPaved
School DistrictBellevue
SCHOOLS
School DistrictBellevue
RECENT ACTIVITY
April 22, 2026Active
Listing courtesy of Westlake Associates, Inc.
Courtesy of NWMLS
Listing courtesy of Chad Michael Martini of Westlake Associates, Inc.
Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Northwest MLS.
All data is obtained from various sources and may not have been verified by the 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.
Last checked: 2026-07-15 01:20 AM PDT
Listing courtesy of Chad Michael Martini of Westlake Associates, Inc.
Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Northwest MLS.
All data is obtained from various sources and may not have been verified by the 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.
Last checked: 2026-07-15 01:20 AM PDT
Comps
An estimate is not available for this listing.
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