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Property profile & analytics
OFF-MARKET Estimated value $595,000
Retail space

422 3rd S Ave Kent, WA 98032-5842

3,057 SF 0.32 ac lot Built 1938
Individually Owned 5-yr Hold
Property ID
US90-1586133
Property summary
AI-generated overview

This exceptional commercial property, located at 422 3rd Ave S in Kent, Washington, presents a unique opportunity for businesses seeking a versatile space. The building, constructed in 1938, boasts a total of 3,057 square feet, all currently available for lease as a single tenant space. The property is classified as a Class B building and features two stories. The building sits on a 0.32-acre lot (13,939 square feet) and is zoned DCE (Downtown Commercial Enterprise). The property includes a functional basement area suitable for storage or production, along with two upstairs offices and two bathrooms. Adding to its practicality, a 675 square foot storage shed and on-site graveled parking are also available. The property's location within the Kent Valley submarket, specifically the Southend cluster, offers excellent access to transportation and amenities. The King County location, with APN 982570-0695, provides a stable and desirable business address. This versatile space is ideal for a variety of businesses seeking a well-maintained building with ample storage and parking in a convenient location. The property's size and features make it an attractive option for companies looking to establish or expand their operations in the thriving Kent market. The building's history and solid construction provide a sense of permanence and stability.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1938
Construction WOOD
Total area 3,057 SF
Lot 0.32 ac (14,080 SF)
Zoning code DCE
APN 982570-0695
UPID US90-1586133
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Janice Zielonka, LMP Physician
  • Swift Insurance WA Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$535k
CAP Approach CAP
$690k
Comparable Approach Comparable
by Request
Blend (final) Blend
$595k
Owner & transaction history
Patrick Hutchens II · 5 yrs held
Patrick Hutchens II
since 2021
Last sale
$600,000
2 recorded transactions
2021
$600,000
2002
Price N/A
Zoning & alternative use
DCE · Kent, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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