This rare infill asset consists of a 1998 construction 11,514 sq ft highway-fronting office building together with a single-family residence and duplex on the same parcel, delivering diversified income streams in a high-visibility corridor. The property also sits on a large 29,959 SF lot zoned PR-C (Pacific Ridge Commercial) offering unique redevelopment opportunities. The most logical being to develop a 60-unit apartment building where the SFH and Duplex currently sit and keep the existing office building for extended income (Buyer to Verify). The stabilized current operations reflect a current cap rate of 6.00% and a proforma cap rate of 6.34%.
The property enjoys prime frontage along Pacific Highway South (SR 99), a primary north-south arterial carrying approximately 30,000 vehicles per day. It offers direct access to I-5 via SR-516(Kent-Des Moines Road) and is only 8–12 minutes from Sea-Tac International Airport. Exceptional transit access to the Kent Des Moines Light Rail Station (1 Line – Sound Transit Federal Way Link Extension, opened December 6, 2025): Just 0.6–0.8 miles / 10–12 minute walk or under 2-minute drive, Frequent 1 Line service, 12-minute ride to Sea-Tac International Airport, ~40-45 minutes to Downtown Seattle, 500+ space park-and-ride garage with seamless bus integration)