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24426 Pacific Hwy S - Kent Station Development Site 5.46 Acres of Commercial Land Offered at $6,507,158 CAD in Kent, WA 98032
Investment Highlights
- Level grade with all utilities available.
- Only 4-blocks to the new Midway Light Rail Station.
- Approved for up to 71,500 sf of retail use
Executive Summary
The ECC& R's currently permit up to 71,500 sf of retail and parking at 4:1,000 is required. No use can directly compete with Lowe's mainline product lines, such as a Harbor Freight or paint store. Lowe's, their land owner, and Dick's Drive Inn would all need to approve of any Amendment to the ECC&R's. The location is 4-blocks South of the new Kent-Midway Station Light Rail platform. Views of the Puget Sound can be seen from grade elevation today, and 2nd story views may include Mt. Rainier to the East.
Property Facts
1 Lot Available
Lot
| Price | $6,507,158 CAD | Lot Size | 5.46 AC |
| Price Per AC | $1,191,787.22 CAD |
| Price | $6,507,158 CAD |
| Price Per AC | $1,191,787.22 CAD |
| Lot Size | 5.46 AC |
This parcel is the last vacant development site in the Binding Site Plan that includes Lowe's Home Center as the anchor tenant on a long-term land lease. All utilities are stubbed to the site and the ground has been cleared and level.
Description
Flat and ready to build.
1 1
Property Taxes
| Parcel Number | 551400-0030 | Improvements Assessment | $0 CAD |
| Land Assessment | $5,855,485 CAD | Total Assessment | $5,855,485 CAD |
Property Taxes
Parcel Number
551400-0030
Land Assessment
$5,855,485 CAD
Improvements Assessment
$0 CAD
Total Assessment
$5,855,485 CAD
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24426 Pacific Hwy S - Kent Station Development Site
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