Land Development Opportunity Kent WA 4.5 ACRES PLUS 12 ACRES of green space

12633 SE 270th St Kent, WA 98030

Kent
FOR SALE
Property Type:
Residential Land Development
Amount:
$1,550,000
Last Verified:
Oct 01, 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. It is approximately 4.5 acres for development and 12 acres of wetland to be managed with retention ponds. This will make for a beautiful and pristine nature setting, creating desirable views and an added benefit for the residential buildings. 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: 4.5 acres

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

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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.