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1862 Ives Ave
Kent, WA 98032
Venus Products Bldg · Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- Desirable Kent Valley location with flexible zoning and high appeal to developers/redevelopers
- Great access to both Hwy 167 with close proximity to Seattle, Bellevue, Tacoma and SeaTac Airport
- Flat site surrounded by proven, functional developments that will hold a strong appeal to a variety of investors
EXECUTIVE SUMMARY
CBRE, Inc., as the Exclusive Advisor to the Seller, is pleased to offer for sale 1862 Ives, a 225,918 square foot parcel currently improved with multiple structures totaling approximately 62,500 SF of manufacturing and office space. Zoned Commercial Manufacturing, in the city of Kent, WA, potential future uses include manufacturing, assembly and fabrication, warehousing and distribution as well as multiple auto, storage and other industrial concepts. The Property presents a rare opportunity to acquire approximately 5.19 AC of land with 62,500 SF of industrial space, comprised of four buildings, in the highly desirable area of the Kent Valley offering potential for owner/user, subdivision or development opportunities.
PROPERTY FACTS Under Contract
| Sale Type | Investment or Owner User | Year Built | 1968 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Manufacturing | Parking Ratio | 0.22/1,000 SF |
| Building Class | C | Clear Ceiling Height | 20’ |
| Lot Size | 1.20 AC | No. Dock-High Doors/Loading | 3 |
| Rentable Building Area | 54,161 SF | No. Drive In / Grade-Level Doors | 5 |
| No. Stories | 2 | ||
| Zoning | CM, Kent - Commercial | ||
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 1.20 AC |
| Rentable Building Area | 54,161 SF |
| No. Stories | 2 |
| Year Built | 1968 |
| Tenancy | Single |
| Parking Ratio | 0.22/1,000 SF |
| Clear Ceiling Height | 20’ |
| No. Dock-High Doors/Loading | 3 |
| No. Drive In / Grade-Level Doors | 5 |
| Zoning | CM, Kent - Commercial |
AMENITIES
- Fenced Lot
- Signage
PROPERTY TAXES
| Parcel Number | 346280-0190 | Improvements Assessment | $7,563,200 |
| Land Assessment | $3,501,700 | Total Assessment | $11,064,900 |
PROPERTY TAXES
Parcel Number
346280-0190
Land Assessment
$3,501,700
Improvements Assessment
$7,563,200
Total Assessment
$11,064,900
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