This exceptional 4.2-acre property in Renton, Washington, presents a rare development opportunity. Located at 2960-2990 East Valley Road, this site boasts significant highway frontage along Highway 167, offering unparalleled visibility and accessibility. Currently zoned CA - Commercial Arterial by the City of Renton, the property allows for a maximum 65% site coverage (75% with integrated parking). Maximum building height is 50 feet for single-use developments and 70 feet for mixed-use projects. A portion of the land is occupied by Compton Lumber and Hardware, while the remaining acreage is ready for redevelopment. A pre-existing building pad is in place, supporting approximately 40,000 square feet of construction. Detailed site plans and permit drawings are available to expedite the development process. This may be one of the last opportunities to acquire a property of this size and potential in King County. The property's proximity to Highway 167 on/off ramps further enhances its strategic value. This is an ideal location for owner-users or investors seeking a high-impact commercial or industrial development project. The property's address is 2960 E Valley Rd, Renton, WA 98057.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Industrial / Distribution
$1,437,970
Retail / Commercial
$709,223
Mixed-Use / Specialty
$684,502
Hospitality / Lodging
$473,304
Office
$657,321
Institutional / Educational
$703,675
Residential Income
$823,300
Multifamily
$1,110,450
Automotive / Energy
$603,150
Parking / Income-Based Land
$230,065
Restaurant / Food Service
$308,653
Healthcare / Senior Housing
$724,702
Location Insight
City
Renton
County
King
State
Washington
Latitude
47.4547
Longitude
-122.217
CBSA code
42660
CBSA name
SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
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Vly Rd Renton, WA 98057
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Vly Rd Renton, WA 98057
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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