Property Details

S 260th St

Kent, WA 98032

$380,000

Available

CBA# 714748 courtesy of CBA Listing firm: KW Mountains to Sound Realty

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Commercial Land

Property Type

4.78

Acres

5.00%

Cap Rate

Property Overview

Investor – Developer Opportunity. Zoned for Moderate Density Multifamily, this 4.78-acre transit-oriented development site offers exceptional potential just south of the Kent Des Moines light rail station and adjacent to Interstate 5. Zoning allows multiple residential uses, including single family, townhomes, and multi-family, with up to 16 units per acre outside wetland buffers. A daycare is also permitted. With a city variance, the site may allow up to a to be determined unit count. Three-story garden-style multifamily development. The wetland study identifies approximately 18,400 square feet of net usable area, which may allow for 6–7 units. With buffer averaging and mitigation, usable area could potentially increase to approximately 37,000 square feet, supporting 12–13 units or more (subject to approvals). Sewer, city water, power, phone, existing sidewalks, curb on the street frontage. SIGN COMING.