The owners have not had any vacancies at this property for over a decade.
Excess development land gives an investor the ability to develop a 46 unit apartment complex while collecting rent from the retail tenants until the leases expire on the remaining 2.8 acres.
The property is located in a qualified Opportunity Zone.
The redevelopment could qualify for the Multifamily Tax Exemption (MFTE) Program which allows cities to exemplify multifamily developments from property taxes in urban centers.
3.65 acre site zoned UROD (Urban Renewal Overlay District). The zoning allows for many uses including office, multifamily, retail, or a mixed-use project. The max building height for the parcel is 6 stories for mixed use development.
This drug anchored, daily needs center is situated at a lighted intersection on a high traffic arterial only 5 minutes to Seatac International Airport and 20 minutes south of downtown Seattle.
Offering Price |
$10,284,000 |
Year Built |
1978 |
Building Size |
33,475 SF |
Price Per SF |
$305/SF |
Address |
14227 Tukwila International Blvd., Tukwila, WA 98168 |