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2705 S 240th St - Kent Development TOD 2.89 Acres of Residential Land Offered at $10,995,000 in Kent, WA 98032
EXECUTIVE SUMMARY
Located within walking distance of the upcoming Kent–Des Moines light rail station (opening in 2026), this TOD offering is perfectly situated for transit-oriented redevelopment.
As one of the few remaining large-scale redevelopment parcels along Pacific Highway, this site represents a rare and valuable opportunity in a rapidly evolving corridor.
Parcel Numbers: 3603600330 / 3603600450 / 3603600445
PROPERTY FACTS
| Price | $10,995,000 | Property Subtype | Residential |
| Sale Type | Investment or Owner User | Proposed Use | Apartment Units |
| Sale Condition | Redevelopment Project | Total Lot Size | 2.89 AC |
| No. Lots | 1 | No. Stories | 1 |
| Property Type | Land | ||
| Zoning | MTC-1 - Midway Transit Community-1 District | ||
| Price | $10,995,000 |
| Sale Type | Investment or Owner User |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 2.89 AC |
| No. Stories | 1 |
| Zoning | MTC-1 - Midway Transit Community-1 District |
1 LOT AVAILABLE
Lot
| Price | $10,995,000 | Lot Size | 2.89 AC |
| Price Per AC | $3,804,498.27 |
| Price | $10,995,000 |
| Price Per AC | $3,804,498.27 |
| Lot Size | 2.89 AC |
flat /level development site
DESCRIPTION
This transit-oriented development site is Strategically positioned near the corner of S 240th Street and Pacific Highway, The flat 2.89-acre site offers approximately 126,000 square feet of MTC-1 zoned land ideal for a wide range of development possibilities. The flexible zoning supports multifamily housing, affordable units, assisted living, age-restricted communities, and townhomes. Located within walking distance of the upcoming Kent–Des Moines light rail station (opening in 2026), this TOD offering is perfectly situated for transit-oriented redevelopment. As one of the few remaining large-scale redevelopment parcels along Pacific Highway, this site represents a rare and valuable opportunity in a rapidly evolving corridor. Parcel Numbers: 3603600330 / 3603600450 / 3603600445
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $246,000 | Total Assessment | $246,000 |
PROPERTY TAXES
Presented by
2705 S 240th St - Kent Development TOD
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