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    Covington, WA
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    Covington, WA Commercial Land for Sale

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    Covington Vacant Lot Opportunity
    Updated: May 13, 2025
    Covington Vacant Lot Opportunity

    Covington, WA 98042

    $375,000
    0.58 AC lot
    Rare vacant lot in Covington with Mixed Housing and Office (MHO) zoning, allowing for diverse development options.
    Large 25,262 sq. ft. cleared and level land, ready for construction.
    All utilities (sewer, city water, etc.) are available in the street, simplifying the development process.
    Located near Covington Town Center, upcoming Founders Park, and the future Covington Aquatic Center.
    Development potential includes multi‑family, single‑family homes, duplexes, cottage housing, and professional spaces.
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    Land in Town Center Zoning
    Updated: Oct 13, 2025
    Land in Town Center Zoning

    17018 SE Wax Rd, Covington, WA

    Contact for pricing
    0.80 AC lot
    Town Center Zoning
    Located Next to Vineyard Park
    Located Next to Covington Commons
    Located Next to Future Covington Town Center
    Possible Location for Mixed Use Development
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    Ready to Build Pad Site
    Ready to Build Pad Site

    0 SE Wax Rd, Covington, WA

    Contact for pricing
    31,363 sqft 0.71 AC lot

    Pad site near Covington Town Center development with utilities.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Town Center Commercial Land
    Town Center Commercial Land

    16846 SE Wax Rd, Covington, WA 98042

    Contact for pricing

    Level, commercially zoned site with a detached garage, public utilities in the street, and on-site parking.

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    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 4 Active listings in Covington, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 5 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    DUC-Zoned Commercial Lot
    DUC-Zoned Commercial Lot

    3073 3rd Street Northeast, Auburn, WA 98002

    $259,900

    Flat infill parcel with utilities at the street and zoning supporting several development formats.

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    Commercial Land with Pre-Approved Plans
    Commercial Land with Pre-Approved Plans

    3703 3RD, Auburn, WA 98002

    $300,000

    DUC-zoned parcel with plans for a three-story multi-use building in Auburn’s urban core.

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    Level Community Commercial Land
    Level Community Commercial Land

    15320 SE 272nd St, Kent, WA 98042

    Contact for pricing

    Vacant, level site suited to commercial or mixed-use development under Community Commercial zoning.

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    Kent Land Development Opportunity
    Kent Land Development Opportunity

    24115 132nd Avenue #1, Kent, WA 98005

    $225,000

    Development potential in growing Kent location near Meridian Valley Country Club.

    View details

    Off-Market Properties in Covington, WA

    Consider similar Off-Market properties in Covington, WA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    27025 168th SE Pl
    VACANT COMMERCIAL LAND

    27025 168th SE Pl, Covington, WA 98042-4902

    $430,000
    Estimated value
    1,100 sqft 0.23 AC lot
    View details
    16241 272nd St
    VACANT COMMERCIAL LAND

    16241 272nd St, Covington, WA 98042-8212

    $420,000
    Estimated value
    1,960 sqft 0.72 AC lot
    View details
    28009 Covington SE Way
    VACANT COMMERCIAL LAND

    28009 Covington SE Way, Covington, WA 98042-9133

    $155,000
    Estimated value
    20.47 AC lot
    View details
    28411 Covington SE Way
    VACANT COMMERCIAL LAND

    28411 Covington SE Way, Covington, WA 98042-9134

    $7,325,000
    Estimated value
    11.28 AC lot
    View details
    Covington, WA 98042
    VACANT COMMERCIAL LAND

    Covington, WA 98042

    $210,000
    Estimated value
    0.20 AC lot
    View details

    Covington, WA Commercial Land Market Trends and Statistics

    Explore 9 commercial land for sale in Covington, WA, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 91,193 square feet of properties for sale, with an estimated market value of $375,000.

    Sale prices for commercial lots in Covington, WA average $375,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Commercial land 4
    Residential land & home lots 2
    Industrial land 1

    Demographics Overview

    Population 49K
    Population Growth (5Y) +1.4%
    Median Household Income $125,554
    College Educated 44.8%

    High-Yield Neighborhoods for Investment

    Identify Covington submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    Kent - 98042 $375K

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