Listing Agency: Skyline Properties - Kent Show Phone

Listed By: Christine Young Show Phone

Source: Moodyscre

Added: Oct 11, 2021 Changed: Jul 6 Last Checked: Jul 30 at 6:18AM

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Investment Insights

Based on property information with market context.

This property is located in an Opportunity Zone and is suitable for development. It is located within walking distance of the Sound Transit Light Rail Station and on the Rapid Ride Bus Line. A Safeway grocery store and a school are located nearby. The property is located approximately 5 minutes from the airport entrance. The site allows for the construction of 310 apartment units or a 120-unit hotel. Phasing is possible with a three-building campus design. An 8- or 12-year Multi-Family Tax Exemption (MFTE) may be allowed. An informal pre-application has been accomplished, and easy lot consolidation is required. Currently, the property is occupied by a carwash, coffee stand, park-and-fly lot, rental house, and garage storage building. The seller is open to developer terms.

Key Highlights

• Opportunity zone development site ideal for 310 apartment units or a 120‑unit hotel.
• Walking distance to Sound Transit Light Rail Station and on Rapid Ride Bus Line.
• 8 or 12 year MFTE (Multi‑Family Tax Exemption) allowed.

Property Analytics

Property Profile

Current Use

Land

Suggested Use

Top Pick Dental Office Building Supply Real Estate Agency Law Firm Auto Parts Store Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

424

Businesses Nearby

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Frequently Asked Questions

What type of property is this?

Land - Opportunity Zone development site near transit and airport.

Where is this land located?

The property is located at 21010 International Blvd Seatac, WA.

What are key features of this property?

This property features: Opportunity zone development site ideal for 310 apartment units or a 120‑unit hotel.; Walking distance to Sound Transit Light Rail Station and on Rapid Ride Bus Line.; 8 or 12 year MFTE (Multi‑Family Tax Exemption) allowed.