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22659 Pacific Hwy S
Des Moines, WA 98198 Pacific Ridge

$2,395,000 USD

Flex For Sale • 9,630 SF

Property Details

Property Type Flex
Total Building Size 9,630 SF
Lot Size 0.69 AC
Building Class B
Year Built 1998
Tenancy Multiple
Zoning HC, Des Moines

40 Transit Score

40 Walk Score

                
                    Highlights
                
                                Diversified mixed-use asset on a single parcel offering stable office rental income plus residential cash flow from the single-family home and duplex
                            
                                Attractive basis with a 6.00% current cap and 6.34% proforma cap
                            
                                Newer construction (1998) with existing utilities and off-street parking
                            
                                High-visibility office component benefits from heavy SR 99 traffic
                            
                                Prime transit-oriented location with ~30,000 vehicles per day on SR 99 and direct access to the Kent Des Moines Light Rail Station (10–12 minute walk)
                            
                                Flexible PR-C zoning supporting higher-density mixed-use and residential development along the SR 99 corridor

Public Transportation

Airport	Drive	Walk	Distance
Seattle-Tacoma International	12 min	-	4.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	36
Type:	Surface
Included in Rent:	Yes

Chad Martini 206-505-9437 Westlake Associates, Inc.

22659 Pacific Hwy S Des Moines, WA 98198 Pacific Ridge

$2,395,000 USD

Property Details

Highlights

Public Transportation

Parking Details

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22659 Pacific Hwy S
Des Moines, WA 98198 Pacific Ridge