A local investment group has just purchased the three street-level retail condominium spaces at One Main Street Condominiums in Downtown Bellevue. Matthew Balkman of Turning Point Realty Advisors, LLC represented the seller in the transaction and confirmed that the three condominium units totaling approximately 4,427 square feet were sold. All of the space is in cold shell condition with the exception of one unit which was approximately 17% of the total space. Up to 15 parking stalls will be available to customers for ease of access to their retail tenants.
Certain principals of One Main Retail Ventures, LLC, already own comparable commercial retail condominium spaces located on Main Street and are eager to further expand their holdings in this dynamic walkable neighborhood. One Main Retail Ventures, LLC is in final negotiations with a local business owner to lease and operate an Italian-themed specialty market in the space at the east end of the building (previously a One Main Condominium sales office). It’s anticipated that deal will be firm within the week and more information will be released when available.
For the available retail spaces, One Main Retail Ventures, LLC will target business categories like restaurant, wine, specialty bakery, art gallery and other uses suitable to locally-oriented Main Street. Interested parties should contact Anthony Pagones, 206.695.5929.
The retail spaces are at the street-level of the 57-home concrete-and-steel condominium building which was completed in 2010. The condominium residences are over 50% sold, with one-, two- and three-bedroom homes priced from $319,900 to $1.6M. More information on the residences may be found online at www.onemainstreet.com or by calling Trisha Quigley, 425.452.6246, tquigley@matrixrealestate.com.
