Lee & Associates Commercial Real Estate Services, LLC (“Lee & Associates”), is pleased to present the opportunity to acquire 3.12 acres of land with 49,915 RSF SF of existing income producing retail and service office situated in the heart of Redmond, Washington. The offering provides a developer the opportunity to build a large-scale multifamily project in separate phases by acquiring this flat and efficient site. Strategically located in one of the Eastside’s best performing submarkets, Village Square offers the unique combination of stable in-place cash-flows, strong tenancy, mark-to-market upside potential and the opportunity to capitalize on the additional density and reduced parking ratio proposed in Redmond’s most recent comprehensive plan amendment. Village Square benefits from its efficient configuration, a central location in downtown Redmond, convenient and immediate access to shops, restaurants, parks and trails and its proximity, 0.5 mile, from the new Sound Transit Light Rail station opening in 2025 / 2026.