• 16950–17060 116th Avenue SE, Renton, WA, 98055

For Sale

Land
Office

For Sale

This property is available for sale
13.64
Acres
$8,250,000
Sale Price
  • Overview

    • ±13.64-acre site ripe for redevelopment for retail, multifamily, medical, or a mix of uses.
    • Huge un-met demand in many retail categories including grocery, with over $78 million of potential sales in a 3-mile radius.
    • Repurpose some or all of the existing 96,000-sq.-ft. buildings, or demolish and start over.
    • Surrounded by established residential neighborhoods with plenty of buying power.
    • Close proximity to major job centers of Valley Medical Center, Kent Valley, Southcenter, and Boeing Renton Plant.
    • Flat, level topography, existing paving and street-front improvements reduce future redevelopment expenses.
    • Traffic counts on 116th Avenue at SE 172nd Street at 14,900 VPD.

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Property Details

• ±13.64-acre site ripe for redevelopment for retail, multifamily, medical, or a mix of uses.
• Huge un-met demand in many retail categories including grocery, with over $78 million of potential sales in a 3-mile radius.
• Repurpose some or all of the existing 96,000-sq.-ft. buildings, or demolish and start over.
• Surrounded by established residential neighborhoods with plenty of buying power.
• Close proximity to major job centers of Valley Medical Center, Kent Valley, Southcenter, and Boeing Renton Plant.
• Flat, level topography, existing paving and street-front improvements reduce future redevelopment expenses.
• Traffic counts on 116th Avenue at SE 172nd Street at 14,900 VPD.

  • Property Type
    Land, Office
  • Submarket
  • Total Acres
    13.64
  • Property ID
    81065

Landlord's Sales Representative

  • Constance Wilde
    CBRE, Inc