Listing provided courtesy of RE/MAX NorthwestNWMLSas Distributed by MLSGrid- MLS# NWM2480133MLS Provider

23826 Pacific Hwy SKent, WA 98032

Commercial
$3,995,000 Active

23826 Pacific Hwy S Overview

Visits:
5

+++ 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.

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23826 Pacific Hwy S Facts & Features

  • Type Commercial

Details

General

Association/HOA

  • Association Fee: $0.00

Location/Region

  • Country: US
  • County Or Parish: King
  • MLS Area Major: 330 - Kent
  • Subdivision Name: Kent

General Information

  • Listing Terms: Cash, Conventional, Owner Will Carry
  • Parcel Number: 2500600541
  • Possible Use: Commercial,Multi-Family
  • Property Sub Type: Commercial Industrial
  • Property Type: Commercial Sale
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 0
  • Building Area Units: Square Feet
  • Calculated Square Footage: 0
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Foundation Details: Poured Concrete
  • Heating: No
  • Living Area: 0
  • Main Level Bathrooms: 0

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 0

Lot Information

  • Irrigation Water Rights: No
  • Lot Size Acres: 0
  • Lot Size Square Feet: 0
  • Lot Size Units: Square Feet
  • Site Frontage: 152
  • Topography: Level
  • Elevation Units: Feet
  • Water Source: Public

Building Exterior/Construction

  • Roof: Composition
  • Structure Type: Unspecified

General Information

  • Carport: No
  • Exterior Features: Wood
  • Number Of Units Total: 0
  • Sewer: Sewer Connected

23826 Pacific Hwy S Neighborhood

Community

98032 (Kent) Demographics

32
Median Age
2,260
Population Density (per sq. mile)
32%
College Educated
$62,620
Estimated Median Income
5,393
Estimated Total Home Owners
8,549
Estimated Total Renters
39% / 61%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

23826 Pacific Hwy S Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

23826 Pacific Hwy S Market Data

Based on the last 30 days in this zip code

$518,168
Average List Price
$335
Average Price per Square Foot
18
Properties Sold
83
Average Days on Market
97
Properties for Sale
Calculations provided by Reliance Network

23826 Pacific Hwy S History

Date Event Value Agent
2/12/2026Source: NWMLS Added to Database
February 12, 2026