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Commercial Land in Renton, WA
For Sale
$9,000,000
Pending

2940 Valley Rd, Renton, WA 98057

5.84 acres of commercial land primed for development.

Property Size254,390 SF
Days on Market612

Property Features for 2940 Valley Rd

General Information

Standard status Pending
Size 254,390 SF
Property subtype Commercial

Building Details

Year Built 1969
Listing Agency: NWC-KV LLC
Listed By: MICHAEL ROY, CCIM
Source: Corcoran
Added: Jan 10, 2025 Changed: Sep 10 Last Checked: Sep 13 at 7:04AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NWC-KV LLC

Investment Insights

Based on property information with market context.

This 5.84-acre (254,595 SF) commercial arterial land is located in Renton, WA, and is primed for development. Existing improvements include a ~10,000 SF clear span metal building with a 20-ft clear height and a ~1,200 SF sales office. The zoning is CA - Commercial Arterial, City of Renton. Existing income is in place with Compton Lumber and Hardware. The undeveloped portion of the site is preloaded for a building pad of approximately 40,000 SF. Permit drawings are available for a building materials store with outside storage. Conceptual plans are available for an automotive dealership and mixed-use redevelopment.

Key Highlights

  • 5.84 Acres of Commercial Arterial Land primed for development (254,595 SF)
  • Existing income in place with Compton Lumber and Hardware
  • CA - Commercial Arterial Zoning, City of Renton

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Food Market Grocery & Convenience Store Restaurant Furniture & Home Goods (Bike/Boat/Book/etc) 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

1,405
Businesses Nearby

Demographics for 98057, WA

13,493
Population
6,656
Households
2
Avg Household Size
38
Median Age
34%
College-Educated
92%
High-School Grad
6.2 sq mi
ZIP Area
2,176
Density / Sq Mi
$68,097
Median Household Income
$53,994
Median Earnings
$1,767
Median Rent
$606,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Commercial land - 5.84 acres of commercial land primed for development.
Where is this commercial land located?
The property is located at 2940 Valley Rd Renton, WA.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: 5.84 Acres of Commercial Arterial Land primed for development (254,595 SF); Existing income in place with Compton Lumber and Hardware; CA - Commercial Arterial Zoning, City of Renton
More about this property
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