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    27013 176Th Pl Covington, WA 98042

    Sponsored
    For Sale
    $1,500,000

    Prime 20,568 SF Commercial Lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 20,568 square foot commercial land parcel presents a remarkable investment opportunity in the thriving city of Covington, Washington. Located at 27013 176 Pl SE, 98042, this property boasts a highly desirable location within King County, offering convenient access to a wealth of amenities and attractions. The area is characterized by its strong local economy and rapidly expanding population, creating a fertile ground for future development. Situated near the scenic Lake Meridian, the property benefits from the natural beauty and recreational opportunities this picturesque setting provides. Furthermore, its proximity to shopping centers, restaurants, and local businesses enhances its appeal and potential for a variety of commercial ventures. The welcoming atmosphere and vibrant community of Covington add to the overall attractiveness of this investment. This expansive lot provides ample space for a wide range of commercial developments, making it an ideal opportunity for discerning investors seeking a prime location in a flourishing market. The asking price for this exceptional property is $1,500,000. Don't miss this chance to secure a piece of Covington's vibrant future.

    Property Features for 27013 176Th Pl

    General Information

    Property type
    Land

    HighLights

    • $1,500,000 asking price.
    • 20,568 square foot land parcel.
    • Located in Covington, WA, King County, zip code 98042.
    • Commercial land zoned property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    King
    State
    Washington
    Longitude
    -122.1069121
    Latitude
    47.3592777

    Nearby Comparable

    • $1,500,000
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      Covington Industrial Center

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      Kent Land with Development Potential

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      Triple-Wide Home in 55+ Community

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      Kent 2.51-Acre Residential Land

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    Nearby Similar for Sale

    • Contact for pricing

      Covington Industrial Land for Sale

      19.74 acres near Highway 18, South King County.
      27631 Covington Way SE, Covington, WA 98042
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    • $4,400,000

      Covington Plaza Retail Opportunity

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      View Details

    FAQs

    What type of property is this?
    Land - Prime 20,568 SF Commercial Lot
    Where is this land located?
    The property is located at 27013 176Th Pl Covington, WA.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price.; 20,568 square foot land parcel.; Located in Covington, WA, King County, zip code 98042.
    (425) 454-7040
    Request Owner's contact information
    27013 176Th Pl Covington, WA 98042
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    Covington, WA 98042
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    27013 176Th Pl Covington, WA 98042
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