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17018 SE Wax Rd
Covington, WA 98042
Land For Sale · 0.80 AC

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INVESTMENT HIGHLIGHTS

  • Located within Covington’s Town Center zoning district supporting mixed-use development
  • Excellent visibility and access via SE Wax Road and nearby arterials
  • Adjacent to Vineyard Park, Covington Commons, and future Covington Town Center
  • Strategic location with proximity to I-5, SeaTac Airport, and Tacoma

EXECUTIVE SUMMARY

Positioned in the heart of Covington’s evolving commercial landscape, 17018 SE Wax Road presents a rare opportunity to acquire a ±34,848 SF parcel within the Town Center zoning district. This site is ideally suited for mixed-use redevelopment, offering flexibility for pedestrian-oriented retail, commercial, and residential uses. The property is surrounded by key developments including Vineyard Park of Covington, Covington Commons (currently under construction), and the future Covington Town Center, reinforcing its strategic location within a high-growth corridor.
With direct access to SE Wax Road and proximity to SE 272nd Street and Covington Way SE, the site benefits from strong visibility and connectivity. Major retailers such as Walmart, Costco, Fred Meyer, and LA Fitness are within minutes, contributing to robust consumer traffic and retail synergy. The property is also just 10 miles from I-5, 20 miles from SeaTac Airport, and 22 miles from Tacoma, making it a convenient hub for regional access.
This offering is ideal for developers seeking to capitalize on Covington’s expanding infrastructure and vibrant community growth. The Town Center zoning supports a wide range of uses, and the surrounding amenities and planned developments make this site a compelling investment for long-term value creation.

PROPERTY FACTS

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Mixed Use
  • Multifamily
  • Hotel
  • Medical
Total Lot Size 0.80 AC
Zoning Town Center

1 LOT AVAILABLE

Lot

Price $1,059,474 CAD
Price Per AC $1,324,342.97 CAD
Lot Size 0.80 AC

±34,848 SF land parcel

  • Listing ID: 38085855

  • Date on Market: 2025-10-15

  • Last Updated:

  • Address: 17018 SE Wax Rd, Covington, WA 98042

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