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24426 Pacific Hwy S - Kent Station Development Site 5.46 Acres of Commercial Land Offered at $4,760,000 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 is required. No use can directly compete with Lowe's mainline product lines, such as a Harbor Freight or paint store. Lowe's, their land owner, and Dick's Drive Inn would all need to approve of any Amendment to the ECC&R's. The location is 4-blocks South of the new Kent-Midway 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 | $4,760,000 | Lot Size | 5.46 AC |
| Price Per AC | $871,794.87 |
| Price | $4,760,000 |
| Price Per AC | $871,794.87 |
| 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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