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Property profile & analytics
OFF-MARKET
Office Spaces

535 Garden Ave Renton, WA 98057

6.94 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 6.94-acre mixed-use development opportunity in Renton, WA, presents a unique investment prospect. Located in the UC-2 (Urban Core) zone, this property comprises two parcels (APN 722300-0015, 722300-0115) at 535 Garden Ave N and 600 Park Ave N, Renton, WA 98057. The site boasts a five-story structured parking garage with approximately 948 stalls, conveniently connecting to existing office buildings via open sky bridges. Its strategic location within Renton's thriving urban center offers unparalleled access to major employers, excellent transportation links, and the vibrant amenities of The Landing shopping center and Lake Washington. This redevelopment opportunity is ideal for projects seeking to capitalize on the high demand for mixed-use developments in this rapidly growing area. Flexible purchase options are available for the North and South parcels, allowing for innovative partnerships and tailored development strategies. The property's zoning allows for a variety of uses, including residential, office, and potentially retail components, making it a highly versatile and attractive investment. This turnkey parking solution further enhances the property's value and potential for a high-impact project. The property is currently owned by Ion Renton, LLC and is offered for sale by owner.

Property profile
Verified
Property type Office Spaces
Lot 6.94 ac (302,306 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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