Transit-Oriented Development Land in
For Sale
$3,995,000
23826 Pacific Highway, Kent, WA 98032
High-density TOD land near Kent/Des Moines Link light rail.
Property SizeContact for details
Lot Size0.59 Acres
Days on Market288
Property Features for 23826 Pacific Highway
General Information
Standard status
Active
Lot size
0.59 Acres
Property subtype
Commercial
Listing Agency:
RE/MAX Northwest
Listed By:
Ricky L. Mouw · License #1234
(253) 564-6211
Source:
Century21northhomes
Added: Nov 8, 2025
Changed: Aug 23
Last Checked: Aug 23 at 5:18AM
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
Investment Insights
Based on property information with market context.
This 0.59-acre (25,991 square feet) transit-oriented development site is located in the Midway Neighborhood of Kent, Washington, adjacent to the Kent/Des Moines Link light rail station. Zoned MTC-1, the site allows for multifamily, hotel, or mixed-use development up to 7 stories or 65 feet. The property benefits from its proximity to Sea-Tac Airport (5 minutes), downtown Seattle (20 minutes), and major employment hubs throughout the Kent Valley. The surrounding submarket has seen over 2,000 apartment units delivered or planned, with a limited remaining supply of TOD land. The site is relatively flat and on-grade. Highline College, with over 13,200 students, and a CWU branch campus are located nearby. The Kent Valley employment base includes over 250,000 jobs, with proximity to Boeing, Blue Origin, aerospace, and advanced manufacturing. The location offers strong transit connectivity. The zoning is flexible for multifamily, hotel, or mixed-use projects. Strong residential demand exists with a constrained TOD land supply. The location is strategic, situated between Seattle and Tacoma. The municipality is pro-growth, with multifamily incentives available. The current net operating income (NOI) from the bar/restaurant is $144,000.
Key Highlights
- Seller financing available
- Prime Transit‑Oriented Development (TOD) Site:** Adjacent to Kent/Des Moines Link Light Rail Station
- High‑Density Zoning (MTC‑1): Allows Multifamily, Hotel, or Mixed‑Use Development up to 7 Stories / 65 Feet
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
Explore this area
Business Placement
Demographics for 98032, WA
38,744
Population
15,639
Households
2.5
Avg Household Size
35
Median Age
28%
College-Educated
84%
High-School Grad
17.0 sq mi
ZIP Area
2,279
Density / Sq Mi
$77,413
Median Household Income
$46,105
Median Earnings
$1,782
Median Rent
$473,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - High-density TOD land near Kent/Des Moines Link light rail.
Where is this commercial land located?
The property is located at 23826 Pacific Highway Kent, WA.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: Seller financing available; Prime Transit‑Oriented Development (TOD) Site:** Adjacent to Kent/Des Moines Link Light Rail Station; High‑Density Zoning (MTC‑1): Allows Multifamily, Hotel, or Mixed‑Use Development up to 7 Stories / 65 Feet
