512 Meeker StKent, WA 98032

Property Details for 512 Meeker St

Year built

1902

Construction

FRAME

Lot size

0.08 AC

Property size (Sq ft)

1,580 SF

Zone code

DCE

Property type

Office buildings

APN

982570-0985

APU

9825700985

Description

This exceptional commercial property, located at 512 West Meeker in the heart of downtown Kent, WA, offers a unique opportunity for businesses seeking a well-maintained and conveniently located space. The building boasts a recently completed (2024) remodel, featuring upgraded plank laminate flooring throughout, newly renovated bathrooms and kitchen equipped with modern appliances. New blinds and fresh paint enhance the modern aesthetic, complemented by high-tech wiring for optimal functionality. The property sits on a sizable 0.17-acre lot, providing ample parking with seven designated spaces on-site, plus abundant street parking. The two-level building comprises three private offices, a versatile conference/media room, and a comprehensive alarm system for enhanced security. Its prime downtown location offers unparalleled convenience, situated near the courthouse, banks, city hall, and a variety of restaurants and businesses. The lease price is $4000 per month, and the tenant is responsible for utilities and janitorial services. The property is available for occupancy beginning February 2025. This is an ideal location for a business seeking a professional, well-equipped, and conveniently located office space in the thriving city of Kent. The building's recent upgrades and ample parking make it a highly desirable option. Don't miss this chance to secure your business's future in this vibrant downtown setting.

• CAP approach

  CAP return

  Valuation

  6%

  $427,552

  6.5%

  $394,663

  7%

  $366,473

• Comparable approach

  Method

  Valuation

  Relative Method

  $423,699

  Geo Method

  $304,276

• Alternative Use

  Use

  Valuation

  Residential

  $489,382

  Hospitality

  $448,272

  Educational

  $372,957

  Medical

  $385,783

  Retail

  $580,155

Location Insight

City

Kent

County

King

State

Washington

Latitude

47.3813

Longitude

-122.238

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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