22725 Pacific Highway S Des Moines, WA 98198

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$3,500,000

Market Estimate

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1.07 Acres
Land
Listing# 1467773

22725 Pacific Highway S, Des Moines, WA 98198

Listing provided courtesy of: Keller Williams Rlty Bellevue

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Views: 53 Days On Site: 641

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Property Details

Description Tours

Prime location for mixed-use building. Lot comprises two parcels: 2500600030 & 2500600045. Site zoned Pacific Ridge Commercial 1 for a myriad of commercial uses. Pre-app for 166 units apartment building with 4,200 sqft retail space completed in 2017. Geotech, environmental, site survey & prelim architectural drawing available. Project is EB-5 eligible. Close to Highline Community College, upcoming Kent/Des Moines Light Rail Station, FAA Des Moines Regional HQ. Water & mountain views.

General Features
- Building Name Federal Highway Addition
- County Or Parish King
- Furnished Unfurnished
- MLS Area Major 120 - Des Moines/Redon
- Property Sub Type Land
- Special Listing Conditions None
- Style Code 43 - Comm/Industrial
- Subdivision Name Des Moines
- Tax Annual Amount 13194
- Tax Year 2018
- Zoning Description PR-C
Building Features
- Building Area Total 0
- Building Area Units Square feet
- Living Area 0
- Living Area Units Square feet
Property Features
- Carport Y/N No
- Garage Y/N No
- Irrigation Water Rights Y/N No
- Lot Features Paved
- Lot Size Acres 1.0702
- Lot Size Square Feet 46616
- Lot Size Units Square feet
- Road Surface Type Paved
- Sewer Available
- Topography Level, Sloped
- Utilities Natural Gas Available,Electricity Connected
- View Mountain(s), Sound
- View Y/N Yes
- Waterfront Y/N No
Schools
- Elementary School Buyer To Verify
- High School Mount Rainier High
- High School District Highline
- Middle Or Junior School Pacific Mid

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Neighborhood

98198 (Des Moines) Demographics

38 Median Age

4,724 Population Density (per sq. mile)

33% College Educated

$57,884 Estimated Median Income

7,322 Estimated Total Home Owners

6,060 Estimated Total Renters

55% / 45% Estimated Owner / Renter Divide

2 Estimated Average Household Size

36,768 Total Population

Community data courtesy of LiveBy, Inc.

Schools Near Here

Elementary Schools

Public Des Moines Elementary

Grades: KG - 6
Enrollment: 387

Public Kent Mountain View Academy

Grades: KG - 12
Enrollment: 311

Public Madrona Elementary

Grades: PK - 6
Enrollment: 702

Public Midway Elementary

Grades: PK - 6
Enrollment: 659

Public Parkside Elementary

Grades: KG - 6
Enrollment: 628

Private St Philomena School

Grades: 2 - 13
Enrollment: 262

Public Woodmont K-8 School

Grades: KG - 8
Enrollment: 475

Middle Schools

Public Des Moines Elementary

Grades: KG - 6
Enrollment: 387

Public Kent Mountain View Academy

Grades: KG - 12
Enrollment: 311

Public Madrona Elementary

Grades: PK - 6
Enrollment: 702

Public Midway Elementary

Grades: PK - 6
Enrollment: 659

Public Pacific Middle School

Grades: 7 - 8
Enrollment: 646

Public Parkside Elementary

Grades: KG - 6
Enrollment: 628

Private St Philomena School

Grades: 2 - 13
Enrollment: 262

Public Woodmont K-8 School

Grades: KG - 8
Enrollment: 475

High Schools

Public Gateway

Grades: 9 - 12
Enrollment: 0

Public Kent Mountain View Academy

Grades: KG - 12
Enrollment: 311

Public Mount Rainier High School

Grades: 9 - 12
Enrollment: 1629

Private St Philomena School

Grades: 2 - 13
Enrollment: 262

School data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$515,000 Median Sales Price

38 Homes Sold

36 New On Market

Average Days on Site

Properties for Sale

Calculations provided by Reliance Network

Property History

Date	Event	Price	Percent Change
--	Current Price Source	New Value: $3,500,000
12/31/2020 6:01:59 PM	Price Reduced Source	New Value: $3,500,000	-10.26%
6/3/2019 3:41:00 AM	New in Database Source	New Value: $3,900,000

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**Assumes 3.5% 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.

This property search is part of the Berkshire Hathaway HomeServices Northwest Real Estate website. Listing information is courtesy of the WA-NWMLS and Berkshire Hathaway HomeServices Northwest Real Estate. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2021. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.

Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.