31107 3Rd Ave Black Diamond, WA 98010
This exceptional 31.31-acre commercial property presents a unique investment opportunity in Black Diamond, Washington. Located at 31107 3rd Ave, 98010, this site offers significant potential for development. The property, identified by APN 1121069008, boasts flexible zoning (BIP) allowing for a variety of commercial uses. The existing structures, built in 1946 and renovated in 1978, comprise a single, one-story building with a total square footage ranging from 1,500 to 168,438 square feet, providing ample space for various retail or commercial ventures. The site plan is adaptable to accommodate specific tenant needs, offering the flexibility to create custom spaces. Whether you're seeking to develop a large-scale retail center or smaller individual pads, this property offers the scale and adaptability to meet your requirements. The property's prime location in King County ensures excellent visibility and accessibility, making it an attractive proposition for businesses seeking a strong foothold in a growing market. The potential for both sale and lease options provides investors with diverse avenues for maximizing their return. This is a rare opportunity to acquire a substantial commercial land parcel with significant development potential in a desirable location. Contact us to discuss the possibilities.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.