26047 116Th AveKent, WA 98030

Property Details for 26047 116Th Ave

Year built

1959

Construction

WOOD

Lot size

0.94 AC

Property size (Sq ft)

2,222 SF

Zone code

SR-8

Property type

Day care centers & nurseries

APN

292205-9130

APU

2922059130

Description

This exceptional commercial property, located at 26047 116th Ave SE in Kent, Washington (zip code 98030), presents a rare opportunity for investors and developers. The property boasts a substantial 41,129 square feet of land, zoned SR-8, making it ideal for a variety of retail uses. Priced at $2,262,095, this translates to a price per square foot of $55. The lot's strategic location at the hard corner of a signalized intersection of Se Kent-Kangley Road (Highway 516) and 116th Avenue SE ensures high visibility and accessibility. With an average daily traffic count exceeding 30,000 vehicles, this site offers unparalleled exposure to potential customers. Adding to its appeal, the property is situated directly across the street from established businesses such as Starbucks, Sonic, and 7-Eleven, creating a synergistic retail environment. The property's APN is 292205-9130. This is a turnkey opportunity to capitalize on a thriving retail market in a high-demand location. Don't miss this chance to acquire a prime piece of commercial real estate in King County.

• CAP approach

  CAP return

  Valuation

  6%

  $426,474

  6.5%

  $393,668

  7%

  $365,549

• Comparable approach

  Method

  Valuation

  Relative Method

  $651,358

  Geo Method

  $492,100

• Alternative Use

  Use

  Valuation

  Residential

  $499,385

  Hospitality

  $457,434

  Educational

  $380,580

  Medical

  $393,668

  Retail

  $592,013

Location Insight

City

Kent

County

King

State

Washington

Latitude

47.3676

Longitude

-122.187

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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