422 3rd S Ave Kent, WA 98032-5842
- Retail space
- 3,057 SF
- 0.32 lot acres
Current Use by Public Records
- Janice Zielonka, LMP / Doctor / Massage Therapist
- Swift Insurance WA / Insurance Agency
Property Details for 422 3rd S Ave
- Year built
- 1938
- Construction
- WOOD
- Lot size
- 0.32 lot acres
- Property size
- 3,057 SF
- Zone code
- DCE
- Property type
- Retail space
- APN
- 982570-0695
- APU
- 9825700695
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $555,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $610,000
- 6.5%
- $600,000
- 7%
- $570,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $480,000
- Geo Method
- $570,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $530,000
- Retail
- $650,000
- Mixed-Use
- $580,000
- Hospitality
- $675,000
- Educational
- $520,000
- Residential Income
- $650,000
- Energy
- $560,000
- Income-Based Land
- $670,000
- Food Service
- $650,000
Location Insight
- Map
- Local Demand
- City
- Kent
- County
- King
- State
- Washington
- Longitude
- -122.236
- Latitude
- 47.378
- CBSA code
- 42660
- CBSA name
- SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
