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 Puget Sound and Mt Rainer. 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.
Spanning across 55,726 sq ft, this property offers ample space to create a vibrant and dynamic urban environment. The current zoning allows for a maximum building height of 15-16 floors, providing exceptional vertical development potential. Additionally, the ability to cover 100% of the site presents an attractive opportunity for maximizing land utilization.
Mar-A-Villa Mobile Home Park currently features 20 mobile home units. The property's class rating is C, with a construction style characterized by a sturdy wood frame. The vacant units present an immediate canvas for transformation into modern, high-demand living spaces.
Located in the thriving Lake Fenwick Submarket, this property benefits from its suburban setting while still offering convenient access to urban amenities. With a Walk Score® of Somewhat Walkable (65) and a Transit Score® indicating Some Transit availability (47), residents will enjoy easy access to transportation options and nearby amenities. It will be transformed to a transit score in the high (90s )
Don't miss this exceptional opportunity to shape the future of this prime Kent property. Whether you envision a vibrant mixed-use development or an innovative residential complex, the Transit Authority Density District zoning paves the way for your vision to become a reality. Contact us today to explore this remarkable property further and unlock its full potential.
