412 Meeker St Kent, WA 98032 – Melbourne Building

Melbourne Building (Status: Available) 1850000

412, Meeker St, Kent, WA  98032

We are pleased to present the exclusive listing of the Melbourne Building, centrally located in the heart of Downtown Kent. This presents a compelling opportunity to acquire a highly visible mixed-use property, with 75% of its units having undergone renovation since 2021. The prospective owner not only inherits the stability of existing retail tenants but also possesses the value-add potential to renovate the remaining two apartment units and bring all the rents to market. The Melbourne Building boasts a versatile design, featuring three leased retail spaces on the ground floor and five apartment units on the top floor. All three retail units have been leased and undergone comprehensive interior renovations within the past two years. The renovations encompassed various upgrades, such as

Listing Details

Asset Class: Retail,Multi-Family
Year Built: 1958
Building Total Square Feet: 8376
Available Lease Space Square Feet: 8376
Number of Floors: 2
Total Parking Spaces: 10
Local Zoning Information: DCE

Listing Courtesy of: Paragon Real Estate Advisors

Disclaimer: The information contained in this listing has not been verified by Pacific Continental Realty, LLC and should be verified by the tenant or buyer.