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22315 7th Ave S - Des Moines Marina District Development
0.74 Acres of Residential Land Offered at $3,695,000 in Des Moines, WA 98198
Investment Highlights
- The site is just minutes away from I-5, SR-509, & SR-516 providing outstanding access to major employers in south King County
- The site is within walking distance of the City of Des Moines' multi-year waterfront and marina redevelopment project featuring the new Marina Steps
- Only a six-minute drive to the existing Angle Lake Link Light Rail station providing access to downtown Seattle in under 40 minutes
Executive Summary
Property Facts
Price | $3,695,000 | Property Type | Land |
Sale Type | Investment | Property Subtype | Residential |
No. Lots | 1 | Total Lot Size | 0.74 AC |
Price | $3,695,000 |
Sale Type | Investment |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Residential |
Total Lot Size | 0.74 AC |
1 Lot Available
Lot
Price | $3,695,000 | Lot Size | 0.74 AC |
Price Per AC | $4,993,243 |
Price | $3,695,000 |
Price Per AC | $4,993,243 |
Lot Size | 0.74 AC |
Description
Prime Location with Excellent Connectivity: The site is just minutes from Interstate 5, SR-509, and SR-516 providing outstanding access to major employers in south King County, including the Kent Valley industrial corridor, Seattle-Tacoma International Airport, and the Ports of Seattle and Tacoma. Superior Public Transit Access: Only a six-minute drive to the existing Angle Lake Link Light Rail station and a five-minute drive to the upcoming Kent Des Moines Link Light Rail station, opening in 2026, providing access to downtown Seattle in under 40 minutes. The Tacoma Dome Link extension, set for completion in 2032, will offer a 25-minute commute to Tacoma. Plans for 131 Units: Preliminary analysis proposes the development of 131 studio, one-, and two-bed units averaging 589 square feet; plans for 18 “Live/Work” townhomes provides developers with an alternative to capitalize on the property’s great location. Desirable Neighborhood Amenities: Located in the heart of Des Moines, the site offers quick access to local attractions, including two major shopping centers within a 10-minute drive. The property is a short walk from the Des Moines waterfront and multiple parks, providing future residents with ample recreational opportunities. Proximity to Des Moines Marina Redevelopment: The site is within walking distance of the City of Des Moines’ multi-year waterfront and marina redevelopment project that will feature the new Marina Steps, creating a pedestrian link between downtown Des Moines and the waterfront. Aiming to establish Des Moines as a premier boating destination in the Puget Sound, the project includes a 45,300-square-foot activity hub for the popular farmers’ market, upgrades to the beach park, and additional moorage and storage in the marina.
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $295,100 | |
Land Assessment | $736,800 | Total Assessment | $1,031,900 |
PROPERTY TAXES
zoning
Zoning Code | D-C |
D-C |
Presented by
22315 7th Ave S - Des Moines Marina District Development
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