Mixed-Use Development
22725 Pacific Hwy S, Des Moines, WA 98198
For Sale
$1,995,000
Pending
Mixed-use development site with completed drawings for apartments and retail.
Property Size46,609 SF
Days on Market875
Property Features for 22725 Pacific Hwy S
General Information
Standard status
Size
Property subtype
Listing Agency:
RE/MAX NORTHWEST
(206) 522-5500
Listed By:
RICKY L. MOUW · License WA #80899
(360) 920-7053
Source:
Corcoran
Added: Jun 19, 2024
Changed: Aug 8
Last Checked: Apr 11 at 11:49AM
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 RE/MAX NORTHWEST
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Investment Insights
Based on property information with market context.
This property presents a development opportunity for a mixed-use project. Completed drawings are available for a 166-unit apartment building and 4,200 sq ft of retail space, including geotech, environmental, site survey, and preliminary architectural drawings. The project is EB-5 eligible. The site consists of two parcels, zoned Pacific Ridge Commercial 1. It is located close to Highline Community College, the upcoming Kent Des Moines Light Rail Station, and the FAA Des Moines Regional HQ. The property size is 46609 sq ft.
Key Highlights
- Seller financing available.
- Completed drawings for a 166‑unit apartment building and 4,200 sq ft retail space are available.
- EB‑5 eligible project.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
552
Businesses Nearby
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Business Placement
Demographics for 98198, WA
38,727
Population
15,267
Households
2.5
Avg Household Size
39
Median Age
31%
College-Educated
87%
High-School Grad
7.7 sq mi
ZIP Area
5,029
Density / Sq Mi
$83,938
Median Household Income
$48,776
Median Earnings
$1,770
Median Rent
$527,100
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in King County, WA
Properties on Market for Mixed-use properties in King County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use development site with completed drawings for apartments and retail.
Where is this mixed-use property located?
The property is located at 22725 Pacific Hwy S Des Moines, WA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Seller financing available.; Completed drawings for a 166‑unit apartment building and 4,200 sq ft retail space are available.; EB‑5 eligible project.
