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8520 164th Ave NE
Redmond, WA 98052
Land For Sale · 0.41 AC

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EXECUTIVE SUMMARY

As part of the Redmond 2050 initiative, the city reduced the number of zoning districts from 50 to 18, with the Downtown Core zone encompassing areas previously designated as TSQ while allowing for the same base density. 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.

PROPERTY FACTS

Sale Type Owner User
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use Multifamily
Total Lot Size 0.41 AC
Zoning TSQ - Current zoning, Town Square. Proposed zoning, Downtown Core.

1 LOT AVAILABLE

Lot

Price $6,000,000
Price Per AC $14,520,004.94
Lot Size 0.41 AC

8520 164th Ave NE, an 18,000 SF corner development site situated in the heart of Redmond. Current zoning, Town Square (TSQ), provides developers a prime opportunity to build a roughly 130-unit multifamily project on a centrally located, flat site.

DESCRIPTION

» Prime Redmond Location: Downtown Redmond offers a vibrant and unique energy on the Eastside, blending its dynamic retail scene—including over 120 shops, restaurants, and entertainment options at Redmond Town Center and Bella Bottega—with high-density multifamily developments and close proximity to the Sammamish River and extensive trail system. » Immediate Connectivity: The site is situated near SR-520 and major transit hubs, ensuring quick commutes to Bellevue (9 miles), Seattle (15 miles), and SeaTac Airport (23 miles). » Lifestyle Amenities: Close to Marymoor Park, Lake Sammamish, and a network of trails, offering unparalleled recreation and outdoor access.

  • Listing ID: 34699948

  • Date on Market: 2/3/2025

  • Last Updated:

  • Address: 8520 164th Ave NE, Redmond, WA 98052

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