100 Railroad Ave Kent, WA 98032
- Outlet malls
- 10,324 SF
- 0.13 lot acres
Current Use by Public Records
- Outlet malls
Property Details for 100 Railroad Ave
- Year built
- 1912
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.13 lot acres
- Property size
- 10,324 SF
- Zone code
- DCE
- Property type
- Outlet malls
- APN
- 917960-0815
- APU
- 9179600815
Description
This exceptional mixed-use property in Kent, WA, presents a prime investment opportunity. Located at 100 Railroad Avenue S, this well-maintained building boasts a total of nine units: six spacious residential units on the second floor and three retail units on the ground level, offering a diverse income stream. The property sits on a 0.13-acre lot and is strategically positioned near Kent Station, providing convenient access to public transportation and a vibrant commercial district. Recent improvements include a new roof installed in 2019, and further roof work completed in 2023 over the restaurant space, significantly reducing future maintenance expenses. The building's current cap rate stands at 6%, indicating strong potential for return on investment. Its prime location, close proximity to shops, cafes, and restaurants, ensures high tenant occupancy and customer traffic for the retail spaces. This property is ideal for investors seeking a stable, high-yield asset with significant growth potential in a thriving urban area. The asking price is $2,800,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kent
- County
- King
- State
- Washington
- Longitude
- -122.232
- Latitude
- 47.3815
- CBSA code
- 42660
- CBSA name
- SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
