23826 Pacific Hwy S - Commercial LAND FOR SALE


Kent, WA 98032- Lake Fenwick25,992 SF
$3,995,000 USD
360-920-7053
23826 Pacific Hwy S, Kent, WA for Sale
$3,995,000 USD
Commercial LAND - FOR SALE
1/5
25,992 SF

23826 Pacific Hwy S
Kent, WA 98032
Lake Fenwick


OVERVIEW

+++ 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.

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/ACRE

$6,695,482/AC

PRICE/SF

$154 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

23826 Pacific Hwy S Kent Wa Development Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

-

LAND ACRES

0.6 AC

LAND SF

25,991 SF

OFFSITE IMPROVEMENTS

-

ZONING

-

APN/PARCEL ID

250060-0541

ASK ABOUT THIS PROPERTY

Rick MouwRE/MAX on the LakeMore Info
360-920-7053

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Rick MouwRE/MAX on the LakeMore Info
360-920-7053

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