23826 Pacific Hwy S, Kent, WA 98032
- $3,995,000
Listing courtesy of RE/MAX Northwest.
- List Price
- $3,995,000
- Status
- ACTIVE
- MLS#
- 2480133
- Days on Market
- 164
Property Description
+++ SELLER FINANCING +++ TRANSIT-ORIENTED DEVELOPMENT SITE Kent, Washington | Midway Neighborhood and adjacent to the Kent/Des Moines Link light rail station. 25,991 sf (.59 acre) of high-density TOD land Zoned MTC-1, allowing multifamily, hotel, or mixed-use development up to 7 stories / 65 feet. The site benefits from immediate access to Sea-Tac Airport (5 minutes), downtown Seattle (20 minutes), and major employment hubs throughout the Kent Valley. The surrounding submarket has seen 2,000+ apartment units delivered or planned, with limited remaining TOD land supply. Site Size: .50 Acres (25,991 SF) Zoning: MTC-1 (Transit-Oriented, High Density) Max Height: 7 Stories / 65 Feet Max Site Coverage: 80% Current Use: Bar/Restaurant Topography: Flat, on-grade Highline College nearby (13,200+ students; CWU branch campus) Kent Valley employment base: 250,000+ jobs Proximity to Boeing, Blue Origin, aerospace & advanced manufacturing Prime walkable TOD site with strong transit connectivity Flexible zoning for multifamily, hotel, or mixed-use Strong residential demand with constrained TOD land supply Strategic location between Seattle and Tacoma Pro-growth municipality with multifamily incentives available. Current NOI from The Bar/Restaurant is $144,000.
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Additional Information
- Community
- Kent
- Style
- 60 - Comm Bldg Und 10K
- Roof
- Composition
- Potential Terms
- Cash, Conventional, Owner Will Carry
- Driving Directions
- From 240th st S go north then property on the right
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