31317 3Rd Ave Black Diamond, WA 98010
This exceptional commercial property, known as Black Diamond - Phase II, presents a unique investment opportunity in the thriving Black Diamond, WA market. Located at 31317 3rd Ave, 98010, this retail center boasts a total of 47,200 square feet of building space situated on a substantial 207,932 square foot lot. Currently, there are 32,800 square feet of vacant space available, offering significant potential for expansion and customization. The property features five available retail spaces ranging in size from 3,000 to 11,100 square feet, catering to a variety of business needs. Ample parking is provided with 235 spaces to accommodate customers and employees. The property is classified as both Retail and Land, providing flexibility for future development or expansion. Its location in King County, Washington ensures easy access to major transportation routes and a strong customer base. This is an ideal opportunity for investors seeking a high-visibility retail location with significant growth potential in a rapidly developing area. The property's size and layout offer considerable flexibility for a variety of retail concepts or a mixed-use development. Don't miss this chance to secure a prime commercial property in a desirable location.
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
Similar Nearby for Lease
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.