20406 International BlvdSeaTac, WA 98198

Property Details for 20406 International Blvd

Year built

1999

Construction

WOOD

Lot size

0.93 AC

Property size (Sq ft)

54,117 SF

Zone code

CB-C

Property type

Hospitality properties

Property subtype

Hotels

APN

344500-0132

APU

3445000132

Description

This exceptional 1.87-acre commercial and residential land parcel presents a unique development opportunity in the thriving SeaTac, Washington market. Located at 20406 International Boulevard, King County, WA 98198 (APN 344500-0130), this property is zoned CB-C (Community Business in Urban Center), allowing for a diverse range of development possibilities. The expansive lot size offers significant potential for a substantial project, with preliminary estimates suggesting capacity for approximately 155 units. Its strategic location offers unparalleled convenience, situated just 0.4 miles from the Angle Lake Light Rail Station, providing easy access to public transportation and connecting residents to the wider Seattle metropolitan area. Furthermore, its proximity to SeaTac International Airport (within 3 miles) adds to its appeal, attracting both residents and businesses seeking convenient access to global travel. This prime location, combined with the flexible zoning and substantial lot size, makes this property an exceptional investment opportunity for developers seeking to capitalize on the growing demand for housing and commercial space in the SeaTac area. Serious inquiries are encouraged to explore the full potential of this remarkable development site.

• CAP approach

  CAP return

  Valuation

  6%

  $16,633,363

  6.5%

  $15,353,873

  7%

  $14,257,168

• Comparable approach

  Method

  Valuation

  Relative Method

  $34,103,736

  Geo Method

  $24,491,352

• Alternative Use

  Use

  Valuation

  Residential

  $16,761,969

  Hospitality

  $15,353,873

  Educational

  $12,774,242

  Medical

  $13,213,568

  Retail

  $19,871,044

Location Insight

City

Seatac

County

King

State

Washington

Latitude

47.4184

Longitude

-122.296

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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