

Listed by John L. Scott - Kent North
$2,650,000
Mar-A-Villa
Details
Property Type Mixed Use, Land
Sub Type Commercial
Square Footage 1
Units 20
Cap Rate 2.72%
NOI $95,303
Tenancy Multi
Price per SqFt $63
Price Per Acre $2,736,513
Stories 16
Acreage 1.280
Zoning MTC-2
Mixed Use | 2.72% CAP | 1 SqFt
Marketing description
Welcome to Mar-A-Villa at the newly created Transit Authority Density District in Kent, Washington. This property is ideally suited for mixed-use development with the potential to build up to 16 stories with zero setbacks, providing exceptional vertical development potential. With its proximity to the Light Rail Station, it's one of the only properties with the MTC-2 zoning, giving this unique property the potential for a building that captures the stunning views of the Puget Sound and Mt Rainier. Residents and visitors will enjoy effortless access to public transportation, and easy access to Sea-Tac airport, Seattle, and beyond to the North, and directly South to Federal Way, eventually to Tacoma with the completion of the expanded Sound Transit Light Rail project in 2024. With it's close proximity to the cities of Kent and Des Moines with access via light rail giving easy accessibility to the Sea-Tac Airport, Seattle, Federal Way and eventually to Tacoma in mere minutes. Mar-A-Villa benefits from MTC-2 zoning, a result of recent zoning changes by Sound Transit via the Transit Authority Density District and the City of Kent. This zoning reclassification unlocks endless possibilities, empowering you to craft a vibrant community that seamlessly blends residential, commercial, and recreational spaces, from high-rise residences with modern amenities to dynamic retail spaces and inviting recreational areas. The possibilities for development are limitless. Adding to the allure, this property also boasts an easement that provides additional access to the back of the property. It operates under the unique business model of owning ALL 20 of the single-wide mobile home units, and all tenants are on a month-to-month lease. No tenant owns any of the mobile homes in the park, which would make relocation uncomplicated.
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Listed by John L. Scott - Kent North
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$95,303.00
$7,941.92/mo
Valuation Metrics
0
DSCR
3.6%
Cap Rate
3.6%
ROI
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Zoning
MHP ResidentialSingle FamilyMobile Home Park
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View all 130 uses
View all 130 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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