Provided by NWMLS, Listed by John L. Scott, Inc

Active

100 Railroad Avenue S

Kent WA, 98032

$2,800,000


Active

Commercial

Built in 1912

Prime mixed-use investment opportunity! This well-maintained building offers 6 spacious residential units on the second floor and 3 retail units on the ground level. The building features a new roof added in 2019 and in 2023 over the restaurant, ensuring low maintenance costs and enhanced value for years to come. With a current cap rate of 6% and promising growth potential, this property is an exceptional chance to maximize returns. Don't miss out on this excellent investment in a high-traffic location, just steps from Kent station, shops, cafes, and restaurants, this location offers convenience and vibrancy for tenants and customers alike. Perfect for any investor looking to expand their portfolio!

2307291

MLS ID

November 4, 2024

Listed

November 22, 2024

Updated

Map

100 Railroad Avenue S
Kent WA, 98032

Interior Features

Interior Features

Laminate, Wall to Wall Carpet


Floor Description

Laminate, Vinyl, Carpet


Fireplace

No


Cooling

Yes


Cooling Description

Central A/C, Window Unit A/C


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.13 Acres


Exterior Features

Brick, Cement/Concrete


Roof

Torch Down


Sewer

Sewer Connected

Other Property Details

Area Name

330 - Kent


Taxes

$16,416


Tax Frequency

Annually


Garage

No


Parking Total

0


View

No


County

King


Water Source

Public


Pool

No

The IDX display presents information sourced from the Northwest Multiple Listing Service as of 11/23/2024. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 11/23/2024 at 7:00 AM UTC . 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.

©2024 Northwest Multiple Listing Service all rights reserved.

Data last updated on 11/23/2024 at 7:00 AM UTC 

Powered byLuxury Presence