18807 NE Novelty Hill Rd

Land: Residential Development

18807 NE Novelty Hill Rd, RedmondWA 98052

Property Details

Location

Address
18807 NE Novelty Hill Rd, RedmondWA 98052
County
King
Submarket
CBA Redmond
Parcels
3126069033

Building Size

Building Size
1,600 SF

Building Details

Type
 Land: Residential Development
Number of Buildings
Occupancy Type
Building Class
Building Status
Existing
Floors
1
Year Built
1957
Sprinklers
Parking Ratio

Land & Utilities

Land (Acres)
1.67 Acres
Land (SF)
72,745 SF
Electricity
Yes, Private, Puget Sound Energy
Natural Gas
Yes, Private, Puget Sound Energy
Water
Yes, City, City of Redmond
Other Utility
Yes, Private, Waste Management
Zoning
RA5
Lot Depth
Lot Width
Stand. Electric
Yes

Contacts

Current Listings

1.67 Redmond lot, 2 houses

1.67 Acres$1,500,000
Cap Rate: 4%

Incredible 1.67 Acres in Redmond, minutes to the future Light Rail Station, Bella Bottega, Costco and Redmond Town Center. Prime flat land, perfectly situated on Novelty Hill Road. Two homes on the property; one is currently being rented and Bear Creek meanders along the West Property Line. Homes could bring in rental income if wanted during feasibility and permitting. Open concept living & custom cabinets throughout the home. Less than 5 miles from Microsoft's World Headquarters, Google, Amazon, Facebook and many other major employers. This property offers a great investment opportunity for development in that it already has two homes on it, and it could be a fabulous in City compound. Beautifully rich soil for gardening.

Incredible 1.67 Acres in Redmond, minutes to the future Light Rail Station, Bella Bottega, Costco and Redmond Town Center. Prime flat land, perfectly situated on Novelty Hill Road. Two homes on the property; one is currently being rented and Bear Creek meanders along the West Property Line. Homes could bring in rental income if wanted during feasibility and permitting. Open concept living & custom cabinets throughout the home. Less than 5 miles from Microsoft's World Headquarters, Google, Amazon, Facebook and many other major employers. This property offers a great investment opportunity for development in that it already has two homes on it, and it could be a fabulous in City compound. Beautifully rich soil for gardening.

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

BROKER

Source: CBA

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