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26047 116th Ave SE 0.94 Acres of Commercial Land Offered at $1,999,999 in Kent, WA 98030

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INVESTMENT HIGHLIGHTS

  • Zoning: CC-MU (Community Commercial Mixed-Use)
  • Daily Traffic Count: 40,000+

EXECUTIVE SUMMARY

Ayers Commercial Group is pleased to present the opportunity to purchase the NW corner of the signalized intersection of SE Kent Kangley Rd (Hwy 516) and 116th Ave SE in Kent. While limited in access to right-in-right-out on 116th, and about 30,000 buildable square feet, the property boasts exceptional visibility, with approximately 40,000 daily traffic count. Located across the street from Starbucks, Sonic, and 7-Eleven. Highest and best use is for bank or QSR.
Potential uses include:
1) Banks, with drive through
2) QSR/Coffee (special use permit required)
3) Townhomes, apartments (as part of a mixed-use development)
4) Daycare
5) Senior housing
6) EV charging station

PROPERTY FACTS

Price $1,999,999
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Office
  • Mixed Use
  • Apartment Units
  • Apartment Units - Senior
  • Daycare Center
  • Restaurant
Total Lot Size 0.94 AC
Zoning CC-MU - (Community Commercial Mixed-Use)

1 LOT AVAILABLE

Lot

Price $1,999,999
Price Per AC $2,118,212.19
Lot Size 0.94 AC

DESCRIPTION

Located across the street from Starbucks, Sonic, and 7-Eleven.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
292205-9130
Land Assessment
$627,200
Improvements Assessment
$254,100
Total Assessment
$881,300
  • Listing ID: 35506640

  • Date on Market: 4/16/2025

  • Last Updated:

  • Address: 26047 116th Ave SE, Kent, WA 98030

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