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29715324
29715325

23826 Pacific Hwy S Kent, Kent, WA 98032

RM
WA 1234, WA 80899 (+1)
RE/MAX Northwest Realtors
Listed by RE/MAX Northwest Realtors
$3,995,000
114 days on market
Updated 92 days ago

23826 Pacific Hwy S Kent Wa Development Site

Details
Property Type Land, Multifamily
Sub Type Apartment Building

Land

Marketing 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.

Listing Contacts

RM
WA 1234, WA 80899 (+1)
RE/MAX Northwest Realtors
Listed by RE/MAX Northwest Realtors

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Additional Information

Name
Rick Mouw
License
1234
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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