+++ 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.
| MLS # | 2480133 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial Industrial |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 215 |
| Listing Provided By | RE/MAX Northwest | Ricky L. Mouw |
| Zoning | Commercial,Multi-Family |
|---|
| State | WA |
|---|---|
| County | King |
| City | Kent |
| Zip Code | 98032 |
| Area | 330 Kent |
| Community Name | Kent |
| Listing VS Median (in Kent) | |
Price: $3,995,000 low | high Med: $649,972 On site: 215 low | high Med: 145.5 | |
| State | WA |
|---|---|
| County | King |
| City | Kent |
| Zip Code | 98032 |
| Area | 330 Kent |
| Community Name | Kent |
| Listing VS Median (in Kent) | |
Price: $3,995,000 low | high Med: $649,972 On site: 215 low | high Med: 145.5 | |