About 15700 Ne Bel-red Road
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.
Features of 15700 Ne Bel-red Road
| MLS® # | 2511306 |
|---|---|
| Price | $6,500,000 |
| Acres | 0.56 |
| Type | Land |
| Sub-Type | Land |
| Status | Active |
Community Information
| Address | 15700 Ne Bel-red Road |
|---|---|
| Area | 530 - Bellevue/East of 405 |
| Subdivision | Overlake |
| City | Bellevue |
| County | King |
| State | WA |
| Zip Code | 98008 |
Amenities
| Is Waterfront | No |
|---|
Interior
| Fireplace | No |
|---|
Exterior
| Lot Description | Curbs, Paved, Sidewalk |
|---|
School Information
| District | Bellevue |
|---|
Additional Information
| Date Listed | April 21st, 2026 |
|---|---|
| Days on Market | 128 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Westlake Associates, Inc. |
|---|