Entity Owned Property summary
The property consists of 0.76 acres of commercial land configured for a ground lease and located in an established trade area anchored by Fred Meyer. The site is situated at the corner of a major thoroughfare connecting area neighborhoods with two freeways and has an average daily traffic count of 40,596. It is adjacent to a planned 7-Eleven gas station and is intended to have shared access from Benson Dr and SE Petrovitsky Rd. The parcel is suited for QSR, coffee, or other retail development consistent with its commercially zoned use.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
iii. In the CA Zone where abutting a City of Renton residential zone if at least one (1) vertically mixed-use building is constructed along the street frontage(s) with a minimum of two (2) residential stories above comme…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
CA · Renton, WAiii. In the CA Zone where abutting a City of Renton residential zone if at least one (1) vertically mixed-use building is constructed along the street frontage(s) with a minimum of two (2) residential stories above comme…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
iii. In the CA Zone where abutting a City of Renton residential zone if at least one (1) vertically mixed-use building is constructed along the street frontage(s) with a minimum of two (2) residential stories above comme…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CA in Renton, WA.
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