Back to search
221 Central Avenue Kent, WA $ 1,499,000
Share Save
$ 1,499,000 Get more info
221 Central Avenue
$ 1,499,000
Back to search
Share Save

221 Central Avenue

Kent, WA, 98032
$ 1,499,000
Baths0.0

Monthly Estimate*

$ 9,963

Listed by COMPASS
221 Central Avenue, Kent, WA 98032 - Image 1
221 Central Avenue, Kent, WA 98032 - Image 2
221 Central Avenue, Kent, WA 98032 - Image 3
221 Central Avenue, Kent, WA 98032 - Image 4
221 Central Avenue, Kent, WA 98032 - Image 5
221 Central Avenue, Kent, WA 98032 - Image 6
221 Central Avenue, Kent, WA 98032 - Image 7
221 Central Avenue, Kent, WA 98032 - Image 8
221 Central Avenue, Kent, WA 98032 - Image 9
Studio

Commercial Property for sale in Kent, WA

for $1,499,000. This building was built in 2011 on a lot size of 0.3059.

Don't miss out on this incredible investment property with a nationally recognized credit tenant - Jack in the Box. Located on a heavily traveled arterial in downtown Kent, this prime corner lot is in close proximity to the mall, ShoWare Center, City Hall, and Transit Center. The building, completely re-built in 2011, showcases Jack in the Box's new restaurant model with outdoor service counters, a small patio area, drive-through lane, and ample parking. With over 50 years of history at this location, Jack in the Box has signed a long-term lease running through 2026, with two five-year extensions and 10% annual escalators at each option renewal. The lease is NNN, providing a hassle-free investment experience. Featuring at a 5.03% Cap rate

See more
Commercial Active

Price

$ 1,499,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 8,967

Style

Retail

Lot Size

0.3059

Year Built

2011

Town/City

Kent

County/Region

King

MLS | Web ID

2199397
Features
General
Sewer Sewer Connected
Heating Forced Air
Cooling Central A/C
Possession Closing Tenant's Rights
Roof Flat
Exterior Features Wood
HOA 0
Year Built 2011
Topography Level
Property SubType Commercial Industrial
County King
Net Operating Income 77572
Property Type Commercial Sale
HOA / Comm Assn N
Subdivision Name Kent
Possible Use Commercial Retail
Building Features Sprinklered
Special Listing Conditions None
Status Active
Directions Corner of central ave and smith street
City Kent
Buyer Agent Compensation 2.5
Senior Community Y/N N
NumberOfUnitsTotal 1
MLS Area 330 - Kent
Lot Size Units Square Feet
Lot Size Square Feet 13323
Carport Y/N N
Listing Terms Cash Out Owner Financing
Tax Annual Amount 8967
Public Remarks Don't miss out on this incredible investment property with a nationally recognized credit tenant - Jack in the Box. Located on a heavily traveled arterial in downtown Kent this prime corner lot is in
Structure Type Retail
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Water Company City of Kent
Total Actual Rent 6464
Zoning Class Commercial Retail
Property Style 75 - Retail
Cap Rate 5.3
See more
Interior
Total Fireplaces 0
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Bedrooms Possible 0
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
See more
Exterior
Water Source Public
Total Parking 0
Building Area Total 0
Lot Dimensions 120' x 118'
Lot Size Acres 0.3059
Open Parking Y/N N
Irrigation Water Rights Y/N N
See more
Internal Only
OriginalMLSID NWM2199397
Street Number 1 221
See more
* Excluded Features
List By
Michael Piccolo

Listing Agent

Compass

Broker

Affordability Calculator

$10,710
Per Month
93%
7%
0%
Monthly Principal & Interest
$9,963
Monthly Property Taxes
$747
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
258624 Elementary School
258775 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/16/2024$1,499,000 -2.66% Price Down
2/13/2024$1,540,000 Listed Price

Map

More homes like this one

homes for you

See all
See all

221 Central Avenue, Kent, WA, 98032 is a Commercial Property for sale at $1,499,000 with a lot size of 0.3059. 221 Central Avenue is a studio with 0.0 baths and was built in 2011. The property's zip code is 98032 which is in Kent, WA

Get more info