23826 Pacific Hwy S, Kent, Washington 98032

WA, Kent
$3,995,000
  • Commercial Sale Property Type
  • Active Status
Property Description

+++ SELLER FINANCING +++ TRANSIT-ORIENTED DEVELOPMENT SITE Kent, Washington | Midway Neighborhood and adjacent to the Kent/Des Moines Link light rail station. 25,991 sf (.59 acre) of high-density TOD land Zoned MTC-1, allowing multifamily, hotel, or mixed-use development up to 7 stories / 65 feet. The site benefits from immediate access to Sea-Tac Airport (5 minutes), downtown Seattle (20 minutes), and major employment hubs throughout the Kent Valley. The surrounding submarket has seen 2,000+ apartment units delivered or planned, with limited remaining TOD land supply. Site Size: .50 Acres (25,991 SF) Zoning: MTC-1 (Transit-Oriented, High Density) Max Height: 7 Stories / 65 Feet Max Site Coverage: 80% Current Use: Bar/Restaurant Topography: Flat, on-grade Highline College nearby (13,200+ students; CWU branch campus) Kent Valley employment base: 250,000+ jobs Proximity to Boeing, Blue Origin, aerospace & advanced manufacturing Prime walkable TOD site with strong transit connectivity Flexible zoning for multifamily, hotel, or mixed-use Strong residential demand with constrained TOD land supply Strategic location between Seattle and Tacoma Pro-growth municipality with multifamily incentives available. Current NOI from The Bar/Restaurant is $144,000.

Source: NWMLS
Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: 2480133
  • Price: $3,995,000
  • Status: Active
  • Office Name: RE/MAX Northwest
  • Agent Name: Ricky L. Mouw
  • Property Sub Type: Commercial Industrial
  • Roof: Composition
Features
  • Exterior Features Wood
  • Sewer Sewer Connected
Address Map
  • Country US
  • State WA
  • County King
  • City Kent
  • Zipcode 98032
  • Street: Pacific Hwy
  • Street Number: 23826
  • Longitude: W123° 42' 15.9''
  • Latitude: N47° 23' 15.4''
  • Directions: From 240th st S go north then property on the right
  • Mls Area Major: 330 - Kent
  • Street Dir Suffix: S
Additional Information
  • Water Source: Public
  • Possible Use: Commercial,Multi-Family
  • On Market Date: 2026-02-12
  • Foundation Details: Poured Concrete
  • Construction Materials: Wood
Listing Information
  • List Agent Mls Id: 46387
  • List Office Mls Id: 7171
  • Listing Term: Cash,Conventional,Owner Will Carry
  • Mls Status: Active
  • Modification Timestamp: 2026-04-29T15:03:12Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2026-02-13T06:42:46Z
Rene  Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211

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