1409 Monroe Ave NE - Commercial LAND FOR SALE


Renton, WA 98056- President Park21,780 SF
$1,300,000 USD
425-453-9100
1409 Monroe Ave NE, Renton, WA for Sale
$1,300,000 USD
Commercial LAND - FOR SALE
1/18
21,780 SF

1409 Monroe Ave NE
Renton, WA 98056
President Park


HIGHLIGHTS

  • Zoning: Center Village (CV) Zone
  • Vehicles per Day: 24,188 VPD (2020)
  • Present Use: 3 Single-Family Residences
  • Approved Use: Commercial Space

OVERVIEW

This exceptional property features 3 detached single-family homes on a 1/2-acre lot, currently earning $50,400 annually with potential to reach $73,560. Investors can boost rental income to market rates or leverage permits for redevelopment into 35 apartments and 5,000 square feet of commercial space. Explore options like townhouse condos or commercial-only setups. Situated in a thriving urban village near Renton Highlands, with nearby projects adding 700 multifamily units, 100 townhouses, and 40,000 square feet of retail space. Ideal for visionary investors seeking growth and opportunity, just minutes from shopping and dining!

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/ACRE

$2,600,000/AC

PRICE/SF

$60 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

35-Unit Apts Permit-Ready Dev Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family, Apartment Units

LAND ACRES

0.5 AC

LAND SF

21,780 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Streets, Curb/Gutter/Sidewalk, Cable, Telephone

ZONING

CV - Center Village

APN/PARCEL ID

042305-9104

ASK ABOUT THIS PROPERTY

Martin HoBerkshire Hathaway Northwest Real EstateMore Info
425-453-9100

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Martin HoBerkshire Hathaway Northwest Real EstateMore Info
425-453-9100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.