Listed by Ayers Commercial Group, Bought with eXp Realty
NOT LISTED FOR SALE

Estimated Value: $1,067,584

0.94 Acre
$1,130,676 Price per Acre
41,129 Sq Ft Lot

Sale Details

Date Sold: May 11, 2026

Last sale price $1,200,000 $327 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $6,422 / mo

About This Lot

As of May 2026

We are pleased to present the opportunity to purchase the NW corner of the signalized intersection of SE Kent Kangley Rd (Hwy 516) and 116th Ave SE in Kent. While limited in access to right-in-right-out on 116th, and about 30,000 buildable square feet, the property boasts exceptional visibility, with approximately 40,000 daily traffic count. Located across the street from Starbucks, Sonic, and 7-Eleven. Highest and best use is for bank or QSR. Potential uses include: 1) Banks, with drive through 2) QSR/Coffee (special use permit required) 3) Townhomes, apartments (as part of a mixed-use development) 4) Daycare 5) Senior housing 6) EV charging station

Last Agent to Sell the Property

Jeff Ayers

Ayers Commercial Group License #23034388 Listed on: 04/15/2026

Last Buyer's Agent

Shawn Viguerie

eXp Realty License #23415

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2508165

Northwest Multiple Listing Service (NWMLS)

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Property Type

  • Land

Lot Details

  • 0.94

Additional Features

  • 41,129 Sq Ft Lot
  • Sewer in Street

Community Details

  • No Home Owners Association
  • East Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2922059130

Property Details

Property Type

Land

Lot Details

0.94 Acres

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • StyleCode: 43 - Comm/Industrial
  • MLS Status: Sold
  • Prev Status: Closed
  • Structure Type: None
  • CalculatedSquareFootage: 0
  • Special Features: None

Interior Features

  • Fireplace: No
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • View: No
  • Waterfront: No
  • RoadInformation: County Maintained

Garage/Parking

  • Carport Y N: No

Utilities

  • Sewer: In Street
  • Water Source: On Property
  • Cooling Y N: No
  • Heating Yn: No
  • Electricity On Property: Yes
  • Utilities: Electricity Connected, Natural Gas Available
  • ElectricityStatus: On Property
  • GasStatus: Available

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Kent

Lot Info

  • Parcel Number: 2922059130
  • Lot Size Acres: 0.9442
  • Lot Size Sq Ft: 41129
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2026
Closed on
May 9, 2026
Sold by
Bought by
Seller's Agent
Jeff Ayers
Ayers Commercial Group
Buyer's Agent
Shawn Viguerie
eXp Realty
List Price
$1,999,999
Sold Price
$1,200,000
Premium/Discount to List
-$799,999
-40%
Views
2
Current Estimated Value
$1,067,584

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$132,416
Avg. Annual Appreciation
-34.14%

Purchase Details

Closed on
Nov 14, 2005
Sold by
Bought by

Purchase Details

Closed on
May 28, 1997
Sold by
Bought by

Purchase Details

Closed on
Aug 31, 1993
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in East Hill, WA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,200,000 None Listed On Document
$22,965 Pacific Nw Tit
$215,000 Chicago Title Insurance Co
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/11/2026 05/11/26 Sold $1,200,000 -40.0% $327 / Sq Ft
04/15/2026 04/15/26 Pending -- -- --
04/15/2026 04/15/26 For Sale $1,999,999 -- $545 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,647 $658,000 $658,000
2024 $6,647 $881,300 $627,200 $254,100
2023 $8,370 $826,200 $627,200 $199,000
2022 $8,852 $789,500 $616,900 $172,600
2021 $9,659 $734,400 $616,900 $117,500
2020 $9,242 $771,100 $616,900 $154,200
2018 $8,778 $661,000 $411,200 $249,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2508165

Northwest Multiple Listing Service (NWMLS)

APN: 292205-9130

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