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Property profile

535 Garden Ave Renton, WA 98057

OFF-MARKET
Office Spaces
6.94 ac lot
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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

Current use

Occupant on record · Public records
  • Corporate Office Factory

Location

535 Garden Ave Renton, WA 98057
Renton metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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