Map of Property

16440 NE 85th St

For Sale

16440 NE 85th St, Redmond, WA 98052

This Redmond property for sale is located at 16440 NE 85th St. The current listed sale price for 16440 NE 85th St is $4,750,000. 16440 NE 85th St is situated on a lot that is 0.5 acre in size.

Contacts

broker
Stren Lea

Lee & Associates Commercial Real Estate Services

Property Details

  • 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.

Getting around

  • 87/100

    Walk Score ®

  • 52/100

    Transit Score ®

  • 88/100

    Bike Score ®

Powered by Walk Score ®

Location

  • 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

  • QFC

    0.31 miles

  • Trader Joe's

    0.40 miles

  • Redmond Town Center

    0.55 miles

  • Ross

    0.61 miles

  • H Mart

    0.61 miles

  • Mayuri International Foods

    0.68 miles

  • Safeway

    0.71 miles

  • Apna Bazar

    0.71 miles

  • Sammamish Landing

    0.79 miles

  • Kohl's

    0.80 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Stren Lea

Lee & Associates Commercial Real Estate Services

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