$3,995,000
Est. $20,138/mo23826 Pacific Hwy S, Kent, WA 98032
• Listed 2026-02-12•55 days on market
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+++ 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.
Listed by Ricky L. Mouw • RE/MAX Northwest
Listing updated: April 29, 2026 at 08:03am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2480133
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23826 Pacific Hwy S, Kent, WA 98032
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Kent is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 11 days.
$550,000 Sold
8 weeks ago
3 bd•1 ba•~1,060 sq ft•Single Family
3316 S 248th Place, Kent, WA 98032
0%
Over list
—
Days on market
0.7 mi
Distance
$535,000 Sold
2 months ago
3 bd•1 ba•~1,190 sq ft•Single Family
24532 35th Place S, Kent, WA 98032
0%
Over list
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Days on market
0.6 mi
Distance
$633,600 Sold
5 months ago
4 bd•1 ba•~1,870 sq ft•Single Family
24837 34th Avenue S, Kent, WA 98032
6%
Over list
—
Days on market
0.7 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
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Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jun 2026
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