412 Meeker St Kent, WA 98032 – Melbourne Building

Melbourne Building (Status: Available) 1725000

412, Meeker St, Kent, WA  98032

We are pleased to exclusively offer The Melbourne Building, a well-positioned mixed-use investment opportunity in the heart of revitalized Downtown Kent. Priced at a 7.39% cap rate, this stabilized property offers immediate cash flow and built-in value-add potential through continued residential unit renovations and strategic rent increases. In addition to recent renovations, the property benefits from a balanced mix of residential and commercial tenants, diversified income streams, and minimal near-term rollover risk all within a high-growth, walkable downtown core.Anchored by Aladdin Bail Bonds, a long-term national tenant with approximately 7 years remaining on their lease plus renewal options, the retail portion delivers predictable income. The two additional tenants include a local

Listing Details

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

Listing Courtesy of: The Foundation Group

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.