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    26047 116Th Ave Kent, WA 98030

    Sponsored
    For Sale
    $2,262,095

    High-traffic corner lot, 41,129 SF, $2.2M

    Property size:
    41,129 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 26047 116th Ave SE in Kent, Washington (zip code 98030), presents a rare opportunity for investors and developers. The property boasts a substantial 41,129 square feet of land, zoned SR-8, making it ideal for a variety of retail uses. Priced at $2,262,095, this translates to a price per square foot of $55. The lot's strategic location at the hard corner of a signalized intersection of Se Kent-Kangley Road (Highway 516) and 116th Avenue SE ensures high visibility and accessibility. With an average daily traffic count exceeding 30,000 vehicles, this site offers unparalleled exposure to potential customers. Adding to its appeal, the property is situated directly across the street from established businesses such as Starbucks, Sonic, and 7-Eleven, creating a synergistic retail environment. The property's APN is 292205-9130. This is a turnkey opportunity to capitalize on a thriving retail market in a high-demand location. Don't miss this chance to acquire a prime piece of commercial real estate in King County.

    Property Features for 26047 116Th Ave

    General Information

    Property type
    Land
    Square Feet
    41,129 SF

    HighLights

    • High‑visibility corner lot at the intersection of SE Kent‑Kangley Rd (Hwy 516) and 116th Ave SE.
    • Over 30,000 average daily traffic count.
    • Located across from Starbucks, Sonic, and 7‑Eleven.
    • Situated at a signalized hard corner intersection.
    Property Profile Location Intelligence

    Current Use by Public Records

    Teacher's Child Care ... Day Care Center

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Kent
    County
    King
    State
    Washington
    Longitude
    -122.1873336
    Latitude
    47.3678533

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    FAQs

    What type of property is this?
    Land - High-traffic corner lot, 41,129 SF, $2.2M
    Where is this land located?
    The property is located at 26047 116Th Ave Kent, WA.
    What is the asking price?
    The asking price for this property is $2,262,095.
    What are key features of this property?
    This property features: High-visibility corner lot at the intersection of SE Kent-Kangley Rd (Hwy 516) and 116th Ave SE.; Over 30,000 average daily traffic count.; Located across from Starbucks, Sonic, and 7-Eleven.
    Request Owner's contact information
    26047 116Th Ave Kent, WA 98030
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    Kent, WA 98030
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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
    26047 116Th Ave Kent, WA 98030
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