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    418 Central Ave Kent, WA 98032

    Sponsored
    For Sale
    Contact for pricing

    Prime Kent location, huge potential!

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property at 418 Central Ave N in Kent, Washington, presents a compelling redevelopment opportunity. Situated on a substantial 59,760 square foot corner lot, this almost full-block property boasts unparalleled access to major transportation arteries. Its location on Central Avenue provides easy access to E Pioneer Avenue, Highway 516 (Smith Street), and State Avenue N, ensuring high visibility and convenient commutes. The property's 1955 construction offers a blank canvas for creative vision. The zoning designation, GC-MU-DCE (General Commercial/Mixed Use/Downtown Commercial Enterprise), within a Transit-Oriented Development (TOD) area, unlocks a wide range of development possibilities. Its level lot provides easy access and construction advantages. The property's proximity to the Kent Train Station, schools, shopping centers, and restaurants further enhances its appeal. A short drive to Highway 167 provides convenient regional access. Multiple purchase options are available, offering flexibility to suit various investment strategies. This is a rare chance to acquire a significant property in a thriving area with immense potential for future growth and return.

    Property Features for 418 Central Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1955
    Property Profile Location Intelligence

    Current Use by Public Records

    Town & Country Trucks ... Trailer Dealer

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Kent
    County
    King
    State
    Washington
    Longitude
    -122.2306638
    Latitude
    47.3845874

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    FAQs

    What type of property is this?
    Multifamily property - Prime Kent location, huge potential!
    Where is this multifamily property located?
    The property is located at 418 Central Ave Kent, WA.
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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
    418 Central Ave Kent, WA 98032
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