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23810 30th Ave S - Mar A Villa Development Site 1.28 Acres of Commercial Land Offered at $2,950,000 in Kent, WA 98032



Investment Highlights
- Next to the new sound transit line
Executive Summary
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$145,680
|
$113,874.78
|
| Other Income |
$1,596
|
$1,247.56
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$147,276
|
$115,122.33
|
| Taxes |
$18,609
|
$14,546.24
|
| Operating Expenses |
$26,000
|
$20,323.61
|
| Total Expenses |
$44,609
|
$34,869.85
|
| Net Operating Income |
$102,667
|
$80,252.48
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $145,680 |
| Annual Per AC | $113,874.78 |
| Other Income | |
|---|---|
| Annual | $1,596 |
| Annual Per AC | $1,247.56 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $147,276 |
| Annual Per AC | $115,122.33 |
| Taxes | |
|---|---|
| Annual | $18,609 |
| Annual Per AC | $14,546.24 |
| Operating Expenses | |
|---|---|
| Annual | $26,000 |
| Annual Per AC | $20,323.61 |
| Total Expenses | |
|---|---|
| Annual | $44,609 |
| Annual Per AC | $34,869.85 |
| Net Operating Income | |
|---|---|
| Annual | $102,667 |
| Annual Per AC | $80,252.48 |
Property Facts
| Price | $2,950,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | Proposed Use | ||
| No. Lots | 1 | Total Lot Size | 1.28 AC |
| Zoning | MTC2 - Transit Authority Zone | ||
| Price | $2,950,000 |
| Sale Type | Investment |
| Sale Conditions | |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.28 AC |
| Zoning | MTC2 - Transit Authority Zone |
1 Lot Available
Lot
| Price | $2,950,000 | Lot Size | 1.28 AC |
| Price Per AC | $2,305,961.18 |
| Price | $2,950,000 |
| Price Per AC | $2,305,961.18 |
| Lot Size | 1.28 AC |
Prime development opportunity! Mar-A-Villa Mobile Home Park in Kent, WA. Zoned for mixed-use, 16 floors, 100% lot coverage. Ideal for vibrant urban project. Don't miss out!!
Description
Exceptional development opportunity in Kent’s newly designated Transit Authority Density District. Mar-A-Villa offers rare MTC-2 zoning allowing for mixed-use development with potential for up to 16 stories and zero setbacks. Ideally located near Light Rail, providing seamless access to Sea-Tac Airport, Seattle, Federal Way, and Tacoma. Positioned to capture expansive views of Puget Sound and Mt. Rainier. Current use includes 20 park-owned mobile homes with all tenants on month-to-month leases, creating flexibility for future redevelopment. Easement provides additional rear access. Prime opportunity to deliver a high-density residential, retail, or mixed-use project in a rapidly growing transit-oriented corridor.
Property Taxes
| Parcel Number | 250060-0436 | Total Assessment | $1,900,000 (2024) |
| Land Assessment | $390,000 (2024) | Annual Taxes | $18,609 |
| Improvements Assessment | $1,510,000 (2024) | Tax Year | 2025 |
Property Taxes
Presented by
23810 30th Ave S - Mar A Villa Development Site
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