18807 NE Novelty Hill Rd

Land: Residential Development

18807 NE Novelty Hill Rd, Redmond, WA 98052

13 photos

Property Details

Location

Address: 18807 NE Novelty Hill Rd, Redmond, WA 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

Land For Sale

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.

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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.

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Source: CBA

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