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24426 Pacific Hwy S - Kent Station Development Site 5.46 Acres of Commercial Land Offered at $5,490,000 in Kent, WA 98032
INVESTMENT HIGHLIGHTS
- Level grade with all utilities available.
- Only 4-blocks to the new Midway Light Rail Station.
- Approved for up to 71,500 sf of retail use
EXECUTIVE SUMMARY
The ECC& R's currently permit up to 71,500 sf of retail and parking at 4:1,000. No use can directly compete with Lowe's merchandise, such as a Harbor Freight. Any Amendment to the ECC&R's will be at the written consent of Lowe's, their Land Owner, and Dick's Drive Inn. The location is 4-blocks South of the new Kent Station Light Rail platform. Views of the Puget Sound can be seen from grade elevation today, and 2nd story views may include Mt. Rainier to the East.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $5,490,000 | Lot Size | 5.46 AC |
| Price Per AC | $1,005,494.51 |
| Price | $5,490,000 |
| Price Per AC | $1,005,494.51 |
| Lot Size | 5.46 AC |
This parcel is the last vacant development site in the Binding Site Plan that includes Lowe's Home Center as the anchor tenant on a long-term land lease. All utilities are stubbed to the site and the ground has been cleared and level.
DESCRIPTION
Flat and ready to build.
1 1
PROPERTY TAXES
| Parcel Number | 551400-0030 | Improvements Assessment | $0 |
| Land Assessment | $4,283,300 | Total Assessment | $4,283,300 |
PROPERTY TAXES
Parcel Number
551400-0030
Land Assessment
$4,283,300
Improvements Assessment
$0
Total Assessment
$4,283,300
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24426 Pacific Hwy S - Kent Station Development Site
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