418 Central AveKent, WA 98032

Property Details for 418 Central Ave

Year built

1955

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.42 AC

Property size (Sq ft)

1,838 SF

Zone code

GC-MU

Property type

Office properties

Property subtype

Office buildings

APN

917960-1815

APU

9179601815

Description

This exceptional commercial property presents an unparalleled investment opportunity in the heart of Kent, WA. Located at 418 Central Avenue N, this almost full-block site boasts a prime corner location with exceptional visibility and accessibility. The property enjoys direct access to major thoroughfares including Central Avenue, E Pioneer Avenue, Highway 516 (Smith Street), and State Avenue N, ensuring high traffic volume and excellent exposure for any business. The expansive lot offers level terrain, simplifying development and access. Its strategic location places it mere seconds from the Kent Train Station, providing convenient access to public transportation. The surrounding area is vibrant, with schools, shopping centers, and restaurants within easy reach. The property's zoning, classified as GC-MU-DCE (General Commercial/Mixed Use/Downtown Commercial Enterprise), within a Transit-Oriented Development (TOD) zone, unlocks a wide range of development possibilities. This rare zoning designation allows for diverse uses, maximizing the property's potential for significant return on investment. The asking price is $9,500,000. Don't miss this chance to acquire a truly exceptional commercial property in a thriving and rapidly developing area. The property's size is not specified.

• CAP approach

  CAP return

  Valuation

  6%

  $442,376

  6.5%

  $408,347

  7%

  $379,179

• Comparable approach

  Method

  Valuation

  Relative Method

  $483,313

  Geo Method

  $353,962

• Alternative Use

  Use

  Valuation

  Residential

  $506,350

  Hospitality

  $463,814

  Educational

  $385,888

  Medical

  $399,159

  Retail

  $600,270

Location Insight

City

Kent

County

King

State

Washington

Latitude

47.3846

Longitude

-122.231

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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