Fully leased 1.42-acre property at 2209 NE Bel Red Road offers income from K1 Speed and Dollar Tree

The Seattle area’s multifamily development landscape continues to evolve as investors weigh the region’s housing shortage against construction slowdowns and shifting market conditions. A Redmond site positioned near Microsoft’s headquarters and future light rail access has entered the market, offering developers a path to build up to 300 residential units on property that currently houses retail tenants. Cushman & Wakefield has the listing, and the 1.42-acre parcel at 2209 NE Bel Red Road is for sale for an undisclosed price. The property is owned by an entity affiliated with Winson, which acquired the asset in 2019 for $12.2 million according to King County public records.

The 62,041-squa

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