115 Willis StKent, WA 98032

Property Details for 115 Willis St

Year built

1991

Construction

WOOD

Lot size

0.25 AC

Property size (Sq ft)

7,281 SF

Zone code

GC

Property type

Retail properties

Property subtype

Auto shops

APN

917960-0005

APU

9179600005

Description

This exceptional 7,080-square-foot commercial property at 115 E Willis St in Kent, Washington, presents a unique opportunity for a single tenant. Located in King County, this office and industrial space boasts a flexible layout, ideal for executive offices or adaptable industrial uses. The building features high ceilings ranging from 15.5 to 22 feet, providing ample vertical space for various needs. Convenient access is ensured with three drive-in bays and ten dedicated parking stalls. The property is zoned GC, offering versatility for a range of businesses. The entire 7,080 square feet is currently vacant and ready for immediate occupancy. This single-tenant space offers significant advantages, including control over the entire building and the ability to customize the interior to perfectly suit your operational requirements. The property's location in Kent, WA, zip code 98032, provides easy access to major transportation routes and a thriving business community. This is an excellent opportunity to secure a well-located, spacious, and adaptable commercial property.

• CAP approach

  CAP return

  Valuation

  6%

  $2,735,948

  6.5%

  $2,525,490

  7%

  $2,345,098

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,872,852

  Geo Method

  $3,533,481

• Alternative Use

  Use

  Valuation

  Residential

  $2,130,346

  Hospitality

  $1,951,385

  Educational

  $1,623,530

  Medical

  $1,679,365

  Retail

  $2,525,490

Location Insight

City

Kent

County

King

State

Washington

Latitude

47.378

Longitude

-122.232

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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