9387 REDMOND WOODINVILLE , Redmond, WA 98052(King County)

0.47 Acres in Redmond, WA - $1,650,000

Rare opportunity to develop close-in townhomes. Just minutes to downtown Redmond with convenient proximity to Microsoft, Redmond Town Center, Marymoor Park, and 520, with easy access to Seattle and Woodinville's Wine Country. The site is currently utilized as a duplex but is Zoned R-12. Current preliminary feasibility study indicates the potential to construct a 5 unit townhome building, each on a separate lot. Rental income will reduce holding costs while going through development phases. Adjacent Rivertrail townhomes are selling in the low $900,000s. The site sits above the valley, so townhomes should have wonderful territorial views. Existing duplex is well maintained and consistently rented. Perfect 1031 exchange property or investment.