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1551 116th Avenue NE Bellevue, WA $ 7,750,000
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1551 116th Avenue NE
$ 7,750,000
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1551 116th Avenue NE

Bellevue, WA, 98004
$ 7,750,000
Bedrooms-- Baths--

Monthly Estimate*

$ 48,934

Listed by Dynasty Realty, Inc.
1551 116th Avenue NE, Bellevue, WA 98004 - Image 1
1551 116th Avenue NE, Bellevue, WA 98004 - Image 2
1551 116th Avenue NE, Bellevue, WA 98004 - Image 3
1551 116th Avenue NE, Bellevue, WA 98004 - Image 4
1551 116th Avenue NE, Bellevue, WA 98004 - Image 5
1551 116th Avenue NE, Bellevue, WA 98004 - Image 6

Commercial Property for sale in Bellevue, WA

for $7,750,000. This building was built in 1974 on a lot size of 0.9951.

Rare opportunity to acquire a fully occupied medical/dental property with a proven history of long-term tenancy and stable income. This well-established medical/dental building features a diversified tenant mix of healthcare and wellness users, including a skin surgery practice with over 23 years of occupancy, a dental office with over 15 years occupancy, and a chiropractic practice with over 4 years occupancy at the property. A spa tenant has also joined the property in 2025, providing additional diversification. The property's strong tenant retention and 100% occupancy provide an attractive investment profile for an investor seeking stable medical-office income. Investment Highlights: o 100% occupied Medical/Dental building o $308,617 current NOI o 4.0% capitalization rate o Skin surgery center — 23+ years o Dental office — 15+ years o Chiropractic practice — 4+ years o Spa — 1+ years o Diversified medical and wellness tenant mix o Established tenant history with demonstrated longevity o Financials available upon request with a signed NDA

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Commercial Active

Price

$ 7,750,000

Property Type

Commercial

Taxes

$ 0

Style

Office

Lot Size

0.9951

Year Built

1974

Town/City

Bellevue

County/Region

King

MLS | Web ID

2576946
Features
General
Living Area 0
Sewer Sewer Connected
Heating Forced Air Heat Pump
Cooling Forced Air Heat Pump
Possession Closing
Roof Composition
HOA Fee 0
Year Built 1974
Property Subtype Commercial Industrial
County King
Net Operating Income 308617
Property Type Commercial Sale
HOA N
Subdivision Name Downtown Bellevue
Possible Use Commercial Office
Special Listing Conditions None
Status Active
Directions I405 N/S Take NE 8th St towards E Left on 116th Ave NE property to your left
City Bellevue
Senior Community Y/N N
Zoning Description Commercial Office
Number Of Units Total 0
MLS Area 530 - Bellevue/East of 405
Lot Size Units Square Feet
Lot Size Square Feet 43347
Carport Y/N N
Listing Terms Cash Conventional
Property Condition Good
Public Remarks Rare opportunity to acquire a fully occupied medical/dental property with a proven history of long-term tenancy and stable income. This well-established medical/dental building features a diversified
Structure Type Office
Building Area Units Square Feet
Standard Status Active
Water Company Bellevue
Property Style 73 - Office
Cap Rate 4
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Exterior
Exterior Amenities Wood
Water Source Private
Total Parking 0
Foundation Details Poured Concrete
Building Area Total 0
Lot Size Acres 0.9951
Irrigation Water Rights Y/N N
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Interior
Total Fireplaces 0
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2576946
Street Number 1 1551
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* Excluded Features
List By
Farid Mohajerjasbi

Listing Agent

Dynasty Realty, Inc.

Broker

Affordability Calculator

$48,934
Per Month
100%
0%
0%
Monthly Principal & Interest
$48,934
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
258624 Elementary School
258775 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
9/2/2026$7,750,000 Listed Price

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1551 116th Avenue NE, Bellevue, WA, 98004 is a Commercial Property for sale at $7,750,000 with a lot size of 0.9951. 1551 116th Avenue NE was built in 1974. The property's zip code is 98004 which is in Bellevue, WA

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