Property Details
106 Central Avenue N
Kent, WA 98032
$1,399,900
Active
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Property Overview
Positioned in the core of downtown Kent, this high-visibility property offers a rare opportunity to invest in a rapidly growing, transit-oriented area. Surrounded by established amenities and ongoing development, commercial building fully leased with 3 tenants With immediate access to SR 167, SR 516, and I-5, the location provides strong regional connectivity to Seattle, Tacoma, and beyond. Proximity to Kent Station, ShoWare Center, and the Green River Trail enhances its appeal, offering a vibrant mix of transit, lifestyle, and recreation.
Property Details
Property Information
Property Type
Commercial Sale
Subtype
Commercial Industrial
Status
Active
County
King
Neighborhood
Kent
Listed
Apr 7, 2026
Original Price
$1,350,000
Parcel Number
9179601225
Tax & HOA
Annual Property Tax
$11,042 (2025)
Est. Monthly Tax
$920/mo
Financial Summary
Cap Rate
4.60%
Net Operating Income
$62,078
Gross Scheduled Income
$80,160
Gross Rent Multiplier
16.80
Total Expenses
$18,082
Total Actual Rent
$6,680/mo
Monthly NNN
$1,364/mo
Building & Use
Building Sq Ft
2,940
Total Units
3
Sq Ft Rented
2,900
Zoning
Retail
Possible Use
Retail
Lot Size
10,799 sqft
Year Built
1978
Exterior & Lot
Lot Size
0.25 sqft
Year Built
1978
Sewer
Sewer Connected
Water Source
Public
Community & Access
Directions
From Central Ave N (84th Ave S) drive to E Meeker St. Building is located on NE corner of that intersection.
Location
City
Kent
County
King
Coordinates
47.38185, -122.23070
Additional Information
Tax Year
2025
Annual Taxes
$11,042
Possession
Array
Based on information submitted to the MLS GRID as of June 1, 2026 11:08 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
