Land Development Opportunity Kent WA 16 ACRES

12633 SE 270th St Kent, WA 98030

Kent
FOR SALE
Property Type:
Residential Land Development
Amount:
$2,985,000
Last Verified:
Mar 27, 2024

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Highlights

  • Zoned Multi-Family High Density w/ no commercial required. Zoning approval cleared with the City of Kent. Water, Sewer, Power, Sidewalk cuts, Metro stops, already in place. Or re-zone for a broad range of commercial, mixed-use and/or high density residential uses, like elder-care housing, or commercial center.

Description

Looking for a unique opportunity to develop a high-density multifamily or residential project in a park-like, city setting? Look no further than this 16.5-acre land parcel in Kent, WA, with over 900 feet of frontage on Kent-Kangley Road.The site is conveniently located close to shopping, dining, banking, and entertainment options, as well as public transit and major highways. The land is now offered for sale at a very competitive price for development. Don't miss this rare chance to acquire a large and versatile land parcel in a prime location. As a builder or developer you could realize great returns on 200+ units/5 stories along Kent-Kangley and additional building options on the south side of the property or single family homes. Contact the listing brokers directly to schedule a tour and learn more about this exciting opportunity. Buyer to verify feasibility.

Large parcel near residential homes and condominiums and adjacent to a commercial corridor. Good access to roadways. Fantastic development opportunities.

Lot Size: 16.5 acres

Map of 12633 SE 270th St, Kent, WA, 98030

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.