Property Details
320 W Harrison Street
Kent, WA 98032
$3,400,000
Active
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Property Overview
The Terminal Building is a fully leased, multi-tenant commercial property situated in the heart of downtown Kent, Washington — one of the South Sound’s most dynamic and rapidly evolving urban centers. The building is leased to three distinct tenants across food & beverage, professional services, and retail commercial uses, providing a diversified and resilient income base under a triple-net lease structure. With strong near-term lease activity and a location proximate to Kent Station’s growing retail and entertainment ecosystem, the Terminal Building represents a compelling stabilized investment opportunity. Fully leased, 3-tenant NNN investment — 100% occupancy. Anchor Tenant: Masthi Bar & Grill — growing multi-location Indian bar & grill concept. DCE Zoning — Downtown Commercial Enterprise, supports broad commercial uses. 0.3 Miles to Kent Station — 470,000 SF mixed-use retail & entertainment hub. Adjacent to Sound Transit Sounder Rail — direct service to Seattle & Tacoma.
Property Details
Property Information
Property Type
Commercial Sale
Subtype
Commercial Industrial
Status
Active
County
King
Neighborhood
Downtown Kent
Listed
Apr 2, 2026
Structure Type
Retail
Parcel Number
9825700275
Financial Summary
Cap Rate
6.03%
Net Operating Income
$205,157
Gross Scheduled Income
$273,409
Total Expenses
$54,582
Total Actual Rent
$15,801/mo
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
6,943
Total Units
3
Sq Ft Rented
6,943
Zoning
Commercial,Office,Retail
Possible Use
Commercial, Office, Retail
Lot Size
18,600 sqft
Year Built
1970
Exterior & Lot
Lot Size
0.43 sqft
Year Built
1970
Exterior Materials
Brick, Wood
Sewer
Sewer Connected
Water Source
Public
Exterior Features
Brick, Wood
Community & Access
Directions
On WA-167 S from Renton, take the WA-516/Willis St exit toward Des Moines/Kent City Ctr. Left on Willis St. At the traffic circle, take 3rd exit onto 4th Ave S. Right on W Harrison St. Site on right.
Location
City
Kent
County
King
Coordinates
47.38189, -122.23568
Additional Information
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.
