Kent Commercial Lot with
For Sale
Contact for pricing
418 Central Ave N, Kent, WA
24,246 SF lot with 2,438 SF building in Kent.
Property Size24,240 SF
Lot Size1.37 Acres
Price / SF$309.41
Days on Market348
Property Features for 418 Central Ave N
General Information
Standard status
Active
Size
24,240 SF
Lot size
1.37 Acres
Property subtype
RETAIL
Site & Location
Neighborhood
Mill Creek
Properties For Sale
at 418 Central Ave N Contact usAutomotive Dealership for Lease AVAILABLE
Size
24,240 SF
Type
RETAIL
Lease Type
GROSS
Excellent Opportunity! 24,246 Sq Ft lot with a 2,438 sq ft building in downtown Kent. The building includes single phase 110 and 220 V and 3 bay doors from 9 ft to 11’7 ft. Tons of potential in this well-established commercial district in Kent. Huge variety of GCMU commercial, industrial, and retail uses allowed.
Contact us Fenced Vacant Lot for Lease AVAILABLE
Size
7,200 SF
Type
LAND
Lease Type
GROSS_LEASE
Prime 7,200 SF Fenced Commercial Lot for Lease – Downtown Kent
Looking for secure, convenient space in the heart of Kent? This fully fenced, 7,200 sq. ft. commercial lot is now available for lease! Located downtown with easy access to Hwy 167 & WA-516, this flat gravel lot is perfect for storing equipment, vehicles, or materials.
Features:
✔ Two gated access points – Rolling gate on State St. & swing gate from the alley
✔ Fully fenced for security
✔ Prime downtown location with excellent accessibility
✔ No structures – maximize space for your needs
✔ 1-year lease preferred
Don’t miss out on this versatile lot in a high-demand area. Contact us today!
Contact us
Listing Agency:
Keller Williams Realty - Federal Way
(253) 835-4500
Listed By:
Clay Selz
(661) 448-7849
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Nov 1
Last Checked: Nov 4 at 10:48AM
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 Keller Williams Realty - Federal Way
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property features a 2,438-square-foot building situated on a 24,246-square-foot lot in downtown Kent. The building is equipped with single-phase 110V and 220V electrical systems and includes three bay doors ranging from 9 feet to 11 feet 7 inches in height. Located in a well-established commercial district, the property offers significant potential. The zoning allows for a variety of commercial, industrial, and retail uses.
Key Highlights
- 24,246 sq ft lot in downtown Kent
- Versatile GCMU zoning allows for commercial, industrial, and retail uses
- Includes a 2,438 sq ft building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$355,850
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,117,000
$7.1M
Cap Rate 7%
$5,083,571
$5.1M
Cap Rate 9%
$3,953,889
$4.0M
Market Conditions
NOI Build-Up for 24,240 SF
Gross rent
$532.3K $21.96/SF
− Vacancy
−$24.0K −$0.99/SF
EGI
$508.4K $20.97/SF
− OpEx
−$152.5K −$6.29/SF
NOI
$355.8K $14.68/SF
Area
Kent, WA
Vacancy
4.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,117,000
Cap Rate 7%
$5,083,571
Cap Rate 9%
$3,953,889
Alternative Uses
Best Use
Retail
$5.08M
$4.45M – $5.93M
NOI $355,850 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.08M
$7.95M – $10.60M
NOI $635,873 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,579
Businesses Nearby
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Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Retail properties & Spaces in Kent
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail property - 24,246 SF lot with 2,438 SF building in Kent.
Where is this retail property located?
The property is located at 418 Central Ave N Kent, WA.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: 24,246 sq ft lot in downtown Kent; Versatile GCMU zoning allows for commercial, industrial, and retail uses; Includes a 2,438 sq ft building
