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22315 7th Ave S - Des Moines Marina District Development

0.74 Acres of Residential Land Offered at £2,915,355 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

Introducing a prime investment opportunity at DES MOINES MARINA DEVELOPMENT SITE in the sought-after Des Moines Marina District. This 0.74-acre raw land parcel located at 22315 - 22325 7th Ave S, Des Moines, WA 98198, offers a lucrative chance for development in a vibrant and rapidly growing area. Situated in the heart of Des Moines, the property boasts a strategic location with excellent connectivity to major highways and public transportation, making it ideal for future residents. The surrounding neighborhood features a wealth of amenities, including shopping centers, parks, and waterfront access. Furthermore, this site benefits from its proximity to the ongoing Des Moines Marina Redevelopment project, set to transform the area into a premier boating destination in the Puget Sound. Don't miss out on this opportunity to capitalize on the rising demand for housing in suburban Seattle. Contact us to learn more about this promising investment at DES MOINES MARINA DEVELOPMENT SITE.

Property Facts

Price £2,915,355
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 0.74 AC

1 Lot Available

Lot

Price £2,915,355
Price Per AC £3,939,669
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.

Walk Score ®
Very Walkable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 200900-4725
  • 200660-0005
Land Assessment
£581,335
Improvements Assessment
£232,834
Total Assessment
£814,169

zoning

Zoning Code D-C
D-C
  • Listing ID: 33602085

  • Date on Market: 22/10/2024

  • Last Updated:

  • Address: 22315 7th Ave S, Des Moines, WA 98198

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