203 Central Avenue N, Kent, WA 98032
- $850,000
Listing courtesy of Newberry Realty Renton. Selling Office: Best Choice Realty LLC.
- Sold Price
- $850,000
- List Price
- $875,000
- Status
- SOLD
- MLS#
- 2381129
- Closing Date
- Dec 05, 2025
- Days on Market
- 132
- Annual Tax Ammount
- 11891
Property Description
Commercial building nearly six thousand square feet in downtown Kent with great road visibility. Currently used as an automotive repair and body shop. Included in the price is the licensed paint booth and three phase electrical connection. Zoning is General Commercial Mixed Use that allows commercial, residential, retail and automotive services. The possibilities are endless or leave as is. Rents are far below market value for a long term tenant and current lease is expiring at the end of December. The building includes a lavatory and office space. Don't miss the chance to invest in a growing commercial corridor . Contact us today to schedule a tour or submit an offer. Shown by appointment only. Owner financing with 30% down.
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Additional Information
- Community
- Downtown Kent
- Building Condition
- Good
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1946
- # of Assigned Spaces
- 34
- Tax Year
- 2024
- Potential Terms
- Conventional, Owner Financing
- Flooring
- Concrete
- Driving Directions
- On Central Ave N
- Energy Source
- Natural Gas
- Net Operating Income
- $55,500
- Gross Scheduled Income
- $72,000
- Water/Sewer/Garbage Expenses
- $1,200
- Cap Rate
- 5.6
- Total Expenses
- $16,091
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.