320 W Harrison Street, Kent, WA 98032
- $3,400,000
Listing courtesy of Westlake Associates, Inc..
- List Price
- $3,400,000
- Status
- ACTIVE
- MLS#
- 2502035
- Days on Market
- 117
Property Description
The Terminal Building is a fully leased, multi-tenant commercial property situated in the heart of downtown Kent, Washington — one of the South Sound’s most dynamic and rapidly evolving urban centers. The building is leased to three distinct tenants across food & beverage, professional services, and retail commercial uses, providing a diversified and resilient income base under a triple-net lease structure. With strong near-term lease activity and a location proximate to Kent Station’s growing retail and entertainment ecosystem, the Terminal Building represents a compelling stabilized investment opportunity. Fully leased, 3-tenant NNN investment — 100% occupancy. Anchor Tenant: Masthi Bar & Grill — growing multi-location Indian bar & grill concept. DCE Zoning — Downtown Commercial Enterprise, supports broad commercial uses. 0.3 Miles to Kent Station — 470,000 SF mixed-use retail & entertainment hub. Adjacent to Sound Transit Sounder Rail — direct service to Seattle & Tacoma.
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Additional Information
- Community
- Downtown Kent
- Style
- 75 - Retail
- Year Built
- 1970
- # of Assigned Spaces
- 18
- Potential Terms
- Cash, Conventional
- Driving Directions
- On WA-167 S from Renton, take the WA-516/Willis St exit toward Des Moines/Kent City Ctr. Left on Willis St. At the traffic circle, take 3rd exit onto 4th Ave S. Right on W Harrison St. Site on right.
- Other Expenses
- 54582
- Energy Source
- Electric
- Net Operating Income
- $205,157
- Gross Adjusted Income
- $259,739
- Gross Scheduled Income
- $273,409
- Cap Rate
- 6.03
- Vacancy Rate
- 5
- Total Expenses
- $54,582
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