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11520 Northup Way
Bellevue, WA 98004
Flex Property For Sale
Investment Highlights
- ~3,600 SF building on a ~22,890 SF flat, usable lot
- 13-foot ceilings, 3 roll-up doors, dedicated vented paint room
- 30+ parking spots on-site, large 35’ x 35’ x 13’ covered carport, secured front entry gate
- Excellent access to Medina, Clyde Hill, Houghton, and the broader Eastside
- 2 Bathrooms, Gas forced-air heat, concrete exterior
- Zoned GC (General Commercial)
Executive Summary
Rare Eastside Investment & Flex Opportunity with strong income and upside potential. The ~3,600 SF building on a flat, usable, ~22,890 SF lot is curently leased by two tenants providing immediate cash flow. The building features 13-foot ceilings for maximum operational flexibility, three roll-up doors for easy loading and access, a dedicated vented paint room, two bathrooms, gas forced-air heat, and a durable, low-maintenance, concrete exterior. This property stands out in a market with limited competing commercial/flex inventory as nearby sites convert to residential.
The site enjoys a prime Eastside location with convenient access to Bellevue, Redmond, Kirkland, and key residential and employment centers. It offers easy reach to surrounding neighborhoods while delivering the functional space needed for industrial, automotive, contractor, and service users.
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.
The site enjoys a prime Eastside location with convenient access to Bellevue, Redmond, Kirkland, and key residential and employment centers. It offers easy reach to surrounding neighborhoods while delivering the functional space needed for industrial, automotive, contractor, and service users.
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.
Property Facts Under Contract
| Sale Type | Investment or Owner User | Rentable Building Area | 4,613 SF |
| Cap Rate | 3.52% | No. Stories | 1 |
| Property Type | Flex | Year Built | 1978 |
| Property Subtype | Light Manufacturing | Parking Ratio | 6.5/1,000 SF |
| Building Class | C | Clear Ceiling Height | 13’ |
| Lot Size | 0.53 AC | No. Drive In / Grade-Level Doors | 3 |
| Zoning | GC - GC (General Commercial) | ||
| Sale Type | Investment or Owner User |
| Cap Rate | 3.52% |
| Property Type | Flex |
| Property Subtype | Light Manufacturing |
| Building Class | C |
| Lot Size | 0.53 AC |
| Rentable Building Area | 4,613 SF |
| No. Stories | 1 |
| Year Built | 1978 |
| Parking Ratio | 6.5/1,000 SF |
| Clear Ceiling Height | 13’ |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | GC - GC (General Commercial) |
Property Taxes
| Parcel Number | 389950-0320 | Improvements Assessment | $1,000 |
| Land Assessment | $1,831,200 | Total Assessment | $1,832,200 |
Property Taxes
Parcel Number
389950-0320
Land Assessment
$1,831,200
Improvements Assessment
$1,000
Total Assessment
$1,832,200
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