22325 7Th AveDes Moines, WA 98198

This exceptional 0.74-acre site in Des Moines, WA (APN: 200900-4725, 200660-0005), presents a prime investment opportunity. Zoned D-C, it's ideally positioned for a multifamily development, with preliminary plans outlining 131 studio, one-, and two-bedroom units averaging 589 square feet, plus 18 live/work townhomes. The property boasts unparalleled access to major transportation arteries, including Interstate 5, SR-509, and SR-516, ensuring easy commutes to key South King County employers, Seattle-Tacoma International Airport, and the Ports of Seattle and Tacoma. Public transit is also readily available, with a six-minute drive to the Angle Lake Link Light Rail station and a five-minute drive to the upcoming Kent Des Moines Link Light Rail station (opening 2026), providing under 40-minute commutes to downtown Seattle. The location offers desirable neighborhood amenities, including proximity to two major shopping centers, the Des Moines waterfront, and multiple parks. Furthermore, its walking distance to the Des Moines Marina redevelopment project, featuring a new activity hub and waterfront improvements, adds significant value. This development site offers a unique blend of convenience, connectivity, and attractive surroundings, making it an exceptional investment opportunity in a rapidly growing area. The asking price is $3,695,000.