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Listing Firm: TEC Real Estate Inc.: Chris K. Soon

Bought With: ZNonMember-Office-MLS : Non Member ZDefault

SOLD On December 10, 2024
NWMLS # 2269155

$3,688,000

  • Sold Price

1900 116th Avenue NE #100/1, Bellevue, WA 98004

Listings with the three tree icon are courtesy of NWMLS

About This Property

Exceptional Investment Opportunity.Prime Northwest Medical Building Suites#100 & 101 With 4,526 SF Space, Backed By 6 Years Of Lease With 2% Annual Increase. Two Units (#100 &101) For Sale,NOT THE BUILDING.Zoned BR-MO (Bel-Red Medical Office).Northwest Medical Building Commercial Condo Comprised 4 Units On Two Floors. Fully Tenanted With Separate Ownerships. Strategically Located Within Bellevue 116th Medical Corridor, Across Overlake Hospital With 30 Ground Ample Shared Parking Spaces, Ratio Of 3.67/1000 SF, 53 Walk Score & 48 Transit Score. Professionally Manage With 5.0%* Cap Rate. Building Age is 1979,Refurbish In 2013.Median Household Income Of $150,000 Within 5 Miles Radius. Exceptional Bellevue Medical Corridor Investment Opportunity

Buyer's Agent: Non Member ZDefault • ZNonMember-Office-MLS

Listed by: Chris K. Soon • TEC Real Estate Inc.

Aris360 Last Checked: Just Now (Jul 18, 2025 09:27 AM)

  • Source: NWMLS as Distributed by MLS Grid #2269155

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: 116th
  • Zip/Postal Code: 98004
  • City: Bellevue

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Property Features

  • County
    • Downtown
  • Community
    • 520 - Bellevue/West of 405
  • MLS Area
    • 520 - Bellevue/West of 405
  • Longitude
    • -122.185034
  • Latitude
    • 47.627194
  • Directions
    • i-405 N, Exit 13-A/13-B For NE 4th Street, Right On Fork Merge Onto Ne 4th Street, Turn left ( North) On 116th Avenue NE, Northwest Medical Building On Right. Entry To Suite 100 & 101 Building Rear

  • Interior
    • Ceramic Tile
    • Laminate
    • Wall to Wall Carpet
    • Forced Air
  • Floors
    • Ceramic Tile
    • Laminate
    • Carpet
  • Power Production Type
    • Natural Gas

  • Style
    • 60 - Comm Bldg Und 10K
  • Parking Spaces
    • 30
  • Foundation
    • See Remarks,
  • Topography
    • Level
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • Wood
  • Roof
    • Composition,
  • Septic or Sewer
    • Sewer Connected,
  • Lot Size in Acres

    • 1

  • Condition
    • Good,
  • Water
    • City Of Bellevue
  • Building Total Area (Sq. Ft.)
    • 34842

  • Possession
    • Closing,
    • See Remarks,
    • Tenant's Rights,
  • Association Fee
    • 3547
  • Property Type
    • Commercial Sale
  • Association Fee Frequency
    • Monthly
  • Property SubType
    • Commercial Industrial
  • Tax Year
    • 2023
  • Structure Type
    • Land,
  • Tax Amount
    • $20808
  • Year Built
    • 1979
  • Effective Year Built
    • 1990
  • Status
    • Sold

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Disclaimer: Based on information submitted to the MLS GRID as of Fri Jul 18 2025 . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Jul 18, 2025 09:27 AM