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Covington Industrial Land Opportunity
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27631 Covington Way SE, Covington, WA 98042

19.74 acres of industrial land available for lease.

Space Size93,600 SF
Lot Size19.74 Acres
Days on Market156

Property Features for 27631 Covington Way SE

General Information

Standard status Active
Size 93,600 SF
Lot size 19.74 Acres
Property subtype Industrial Building & Yard

Spaces For Lease

at 27631 Covington Way SE
27631 Covington Way SE
Size 93,600 SF
Type Industrial
Term Negotiable
Rate Contact for pricing
Contact us
Listing Agency: NAI Puget Sound Properties
Listed By: Arie Salomon, SIOR, CCIM
Source: Nai-psp
Added: May 15 Changed: Oct 6 Last Checked: Oct 16 at 8:10AM

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 NAI Puget Sound Properties

Rey
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Investment Insights

Based on property information with market context.

This 19.74-acre site in Covington is available for lease and offers multiple building options. The property is located 6.4 miles from downtown Kent and has direct access to both I-90 and SR 167 via its adjacency to Highway 18. This location provides an opportunity to develop land in the competitive South King County Industrial Market.

Key Highlights

  • 19.74 acres available for sale, offering significant development potential.
  • Excellent location in the competitive South King County Industrial Market.
  • Direct access to I‑90 and SR 167, providing superior transportation links.

Property Analytics

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Current Use

Industrial land

Suggested Use

Top Pick Law Firm Big Box & Wholesale Store Parking Lot & Garage Hotel & Motel Auto Parts Store Electrical Service

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

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

682
Businesses Nearby

Demographics for 98042, WA

49,031
Population
17,365
Households
2.8
Avg Household Size
39
Median Age
34%
College-Educated
93%
High-School Grad
27.8 sq mi
ZIP Area
1,764
Density / Sq Mi
$125,554
Median Household Income
$59,882
Median Earnings
$2,121
Median Rent
$613,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in West region

3.7% 2019
4.3% 2020
2.6% 2021
2.5% 2022
4.8% 2023
6.9% 2024
7.9% 2025

Frequently Asked Questions

What type of property is this?
Industrial land - 19.74 acres of industrial land available for lease.
Where is this industrial land located?
The property is located at 27631 Covington Way SE Covington, WA.
What are key features of this property?
This property features: 19.74 acres available for sale, offering significant development potential.; Excellent location in the competitive South King County Industrial Market.; Direct access to I‑90 and SR 167, providing superior transportation links.
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