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10350 NE 10th St 4,118 SF Retail Building Bellevue, WA 98004 For Sale
Investment Highlights
- Fully entitled 102-unit project offering accelerated time-to-market advantages.
- Immediate access to Bellevue Light Rail Station, enhancing commuter convenience.
- Proximity to global tech leaders driving robust employment growth and long-term housing demand.
- Strategically located within Downtown Bellevue, adjacent to major employment and retail centers.
- Zoned DT-MU, supporting dense, transit-oriented development in a premier submarket.
- Eligible for Bellevue’s Multifamily Tax Exemption program, boosting project feasibility and returns.
Executive Summary
Bell10 is an exceptional entitled multifamily development opportunity in the heart of Downtown Bellevue, Washington. The project offers a fully planned 102-unit residential community on approximately 0.37 acres within the city’s highly desirable DT-MU zoning district. This rare chance allows investors to capitalize on a premier location with structural entitlements already secured, reducing time-to-market and enhancing execution certainty.
Positioned just steps from Bellevue’s employment core, Bell10 enjoys unparalleled connectivity to the region’s fastest-growing tech and corporate hubs through both roadway and light rail access. The Eastside continues to evolve as the epicenter of technology and AI innovation, anchored by global players such as Amazon, Meta, Microsoft, and Google, all within minutes of the site. The development also benefits from participation eligibility in Bellevue’s Multifamily Tax Exemption (MFTE) program, which can reduce operational costs and strengthen affordability strategies. With severe housing supply constraints projected through 2027, Bell10 represents an exceptional entry point into a market fueled by high incomes, rapid job creation, and long-term rental demand.
Positioned just steps from Bellevue’s employment core, Bell10 enjoys unparalleled connectivity to the region’s fastest-growing tech and corporate hubs through both roadway and light rail access. The Eastside continues to evolve as the epicenter of technology and AI innovation, anchored by global players such as Amazon, Meta, Microsoft, and Google, all within minutes of the site. The development also benefits from participation eligibility in Bellevue’s Multifamily Tax Exemption (MFTE) program, which can reduce operational costs and strengthen affordability strategies. With severe housing supply constraints projected through 2027, Bell10 represents an exceptional entry point into a market fueled by high incomes, rapid job creation, and long-term rental demand.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Bank
Building Size
4,118 SF
Building Class
C
Year Built
1986
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.37 AC
Zoning
DNTNMU
Parking
12 Spaces (2.91 Spaces per 1,000 SF Leased)
Frontage
80’ on Bellevue Way
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
- Drive Thru
Exceptionally walkable
90/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 570900-0085 | Improvements Assessment | $1,000 |
| Land Assessment | $9,978,700 | Total Assessment | $9,979,700 |
Property Taxes
Parcel Number
570900-0085
Land Assessment
$9,978,700
Improvements Assessment
$1,000
Total Assessment
$9,979,700
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