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100 Railroad Ave Kent, WA 98032

For Sale
$2,800,000

High-yield, 9-unit building near Kent Station.

Description

Added:
Feb 3, 2025
Days on Market:
315
This exceptional mixed-use property in Kent, WA, presents a prime investment opportunity. Located at 100 Railroad Avenue S, this well-maintained building boasts a total of nine units: six spacious residential units on the second floor and three retail units on the ground level, offering a diverse income stream. The property sits on a 0.13-acre lot and is strategically positioned near Kent Station, providing convenient access to public transportation and a vibrant commercial district. Recent improvements include a new roof installed in 2019, and further roof work completed in 2023 over the restaurant space, significantly reducing future maintenance expenses. The building's current cap rate stands at 6%, indicating strong potential for return on investment. Its prime location, close proximity to shops, cafes, and restaurants, ensures high tenant occupancy and customer traffic for the retail spaces. This property is ideal for investors seeking a stable, high-yield asset with significant growth potential in a thriving urban area. The asking price is $2,800,000.

Property Features for 100 Railroad Ave

General Information

Property type
Other commercial real estate
Lot Size
5,663 SF

Building Details

Year Built
1912

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Map

City
Kent
County
King
State
Washington
Longitude
-122.2322
Latitude
47.38147

FAQs

What type of property is this?
Commercial real estate - High-yield, 9-unit building near Kent Station.
Where is this commercial real estate located?
The property is located at 100 Railroad Ave Kent, WA.
What is the asking price?
The asking price for this property is $2,800,000.
More about this property
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