Listing provided courtesy of Coldwell Banker Danforth - MLS# NWM2183458MLS Provider

26915 Pacific Highway SDes Moines, WA 98198

Vacant Land · 7.89 Acres

$13,000,000 Active

Overview

Time on Site:
133 days
Visits:
4

Market Study and prospectus done for a 5/2 construction. 228 Unit Hotel 600 Units (3 200-unit buildings) Use can be Market rate, affordable housing, Assisted Living or age-restricted apartments, or a combination. Zoning is CC on most of the land so other commercial uses are also allowed. Less than 1 mile to the Star Lake Light Rail Station opening in 2024 Next to shopping and the A-line, route 183 bus routes.

View Map

Facts & Features

  • Type Vacant Land
  • Lot 7.89 Acres

General

Association/HOA
  • Association Fee: $0.00
School Information
  • School District: Federal Way
Location/Region
  • Country: US
  • County Or Parish: King
  • MLS Area Major: 120 - Des Moines/Redondo
  • Subdivision Name: Redondo
General Information
  • Buyers Agent Compensation: 2
  • Parcel Number: 2822049045
  • Possible Use: Commercial
  • Property Sub Type: Land
  • Property Type: Land
  • Senior Community: No
  • Special Listing Conditions: None
  • Zoning Class: Commercial

Interior

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
  • Heating: No
  • Living Area: 0
  • Living Area Units: Square Feet

Exterior

Lot Information
  • Irrigation Water Rights: No
  • Lot Size Acres: 7.8887
  • Lot Size Square Feet: 343632
  • Lot Size Units: Square Feet
  • Property Features: Brush,Lightly Treed,Partially Cleared
  • Road Responsibility: County
  • Topography: Level
  • Elevation Units: Feet
  • Water Source: Available, In Street
Waterfront/View
  • View: No
  • Waterfront: No
Building Exterior/Construction
  • Structure Type: Industrial
General Information
  • Carport: No
  • Electric On Property: No
  • Sewer: Available, In Street
  • Utilities: Natural Gas Available, Electricity Available

Neighborhood

Community

98198 (Des Moines) Demographics
37
Median Age
4,460
Population Density (per sq. mile)
37%
College Educated
$66,938
Estimated Median Income
7,729
Estimated Total Home Owners
6,694
Estimated Total Renters
54% / 46%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

Elementary Schools
2
Public
Des Moines Elementary
  • Grades: PK - 5
  • Enrollment: 585
1
Public
Midway Elementary
  • Grades: PK - 5
  • Enrollment: 562
2
Public
Parkside Elementary
  • Grades: PK - 5
  • Enrollment: 392
1
Public
Woodmont K-8 School
  • Grades: KG - 8
  • Enrollment: 467
Middle Schools
2
Public
Pacific Middle School
  • Grades: 6 - 8 /
  • Enrollment: 734
1
Public
Woodmont K-8 School
  • Grades: KG - 8 /
  • Enrollment: 467
High Schools
2
Public
Mount Rainier High School
  • Grades: 9 - 12 /
  • Enrollment: 1,728
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.

Monthly Cost

$
$ %
%
$
$
* 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.

Market Data

Based on the last 30 days in this zip code

$595,463
Median Sales Price
$374
Median Price per Square Foot
308
Properties Sold
36
New on Market
57
Average Days on Market
70
Properties for Sale
Calculations provided by Reliance Network

History

Date Event Value Agent
12/1/2023Source: NWMLS Added to Database
December 01, 2023