For Sale
$2,800,000

100 Railroad Ave Kent, WA 98032

High-yield, 9-unit building near Kent Station.

Overview

Added:
Feb 3
Days on market:
79
This exceptional mixed-use property in Kent, WA, presents a prime investment opportunity. Located at 100 Railroad Avenue S, this well-maintained building boasts a total of nine units: six spacious residential units on the second floor and three retail units on the ground level, offering a diverse income stream. The property sits on a 0.13-acre lot and is strategically positioned near Kent Station, providing convenient access to public transportation and a vibrant commercial district. Recent improvements include a new roof installed in 2019, and further roof work completed in 2023 over the restaurant space, significantly reducing future maintenance expenses. The building's current cap rate stands at 6%, indicating strong potential for return on investment. Its prime location, close proximity to shops, cafes, and restaurants, ensures high tenant occupancy and customer traffic for the retail spaces. This property is ideal for investors seeking a stable, high-yield asset with significant growth potential in a thriving urban area. The asking price is $2,800,000.

Property Details for 100 Railroad Ave

Property type
Commercial real estate
Year Built
1912
Lot Size (sq. ft)
5,663 SF

Location Insight

City
Kent
County
King
State
Washington
Latitude
47.38147
Longitude
-122.2322

FAQs

What type of property is this?
Commercial real estate - High-yield, 9-unit building near Kent Station.
Where is the commercial real estate located?
The property is located at 100 Railroad Ave Kent, WA.
What is the asking price?
The asking price for this property is $2,800,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
100 Railroad Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message