17202 Des Moines Memorial DrBurien, WA 98148

For Sale
$4,500,000

10.5 Acres, 2-Unit Rental Portfolio

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 10.5-acre property in Burien, King County, Washington, presents a rare development opportunity. Located at 17202 & 17050 Des Moines Memorial Dr S, 98148, this multifamily investment comprises two parcels, each featuring a single-family home and outbuildings, built in 1947 and 1949, and renovated in 2007. The property is zoned RSA, offering significant potential for various development projects, including low-income housing, residential development, or multifamily expansion. The existing two rental units provide immediate income potential while development plans are underway. Conveniently located just 18 minutes from downtown Seattle and 5 minutes from SeaTac Airport, this prime location enhances its investment appeal. The properties are being sold as-is. The total acreage offers substantial upside potential for future growth and development, given recent favorable legislative changes at the local and state levels. This is a unique chance to acquire a large parcel in a high-demand area with considerable flexibility for future use.

Highlights

  • 10.5-acre development opportunity in Burien, WA.
  • Two parcels with existing single-family homes and outbuildings (built 1947 & 1949, renovated 2007).
  • RSA zoning allows for multifamily development, including low-income housing.
  • Two existing rental units provide immediate cash flow.
  • Prime location: 18 minutes from downtown Seattle, 5 minutes from SeaTac Airport.
  • Sold as-is.

Property Details for 17202 Des Moines Memorial Dr

Property type
Multifamily properties, Residential income homes
Year Renovated
2007
Lot Size (sq. ft)
457,380 SF
Units
2

Location Insight

City
Burien
County
King
State
Washington
Latitude
47.448486
Longitude
-122.325608
17202 Des Moines Memorial Dr, Burien, Washington

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17202 Des Moines Memorial Dr
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