Specialty Real Estate
25100 74th Avenue South Kent, WA 98032
Details & Description
Price: $7,500,000
    Marcus & Millichap has been chosen to exclusively market for sale the Red Lion Inn & Suites Kent Seattle, a three-story 60-room hotel located in Kent, Washington. The property is located just south of Seattle, 1 mile from the ShoWare Center, a 6,500-seat arena that hosts hockey games, concerts and other events. This asset is ideally located off of State Routes 167 & 516 and benefits from a strong business and leisure market with many notable employers. Home to three ports located on the Puget Sound, the Seattle market offers a sizable international trade industry. The hotel also benefits from a strong, growing economy and a highly educated workforce in the area.The Red Lion Inn & Suites Kent Seattle represents the opportunity to acquire a branded hotel in the desirable Seattle metropolitan area. This property can convert to a SureStay Plus by Best Western with no conversion PIP and will be on the Best Western reservation system. Our Pro Forma analysis assumes an investor will increase operating efficiencies through cost management and modest revenue growth.Recently Renovated in 2019Minimal PIPSeveral Nearby Employers Including Alaska Airlines, Boeing and Columbia DistributingNearby Attractions: ShoWare Center, Pacific Raceways, Highline Gardens and More5 Miles to MultiCare Auburn Medical Center and Valley Medical Center10 Miles to Seattle-Tacoma International Airport | 51M+ Passengers in 2019
    Listing Agents
    Josh Tammen

    O: 602-687-6791
    josh.tammen@marcusmillichap.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    25100 74th Avenue South

    Kent, WA 98032

    Listing ID: 192242
    25100 74th Avenue South Kent, WA 98032 | for Sale | Photo 1
    Building Size: 34,577 SF
    Lot Size: 1.000 AC
    Land Size: 43,560 SF
    Building $/SF: $216.91
    Land $/SF: $172.18
    Price
    $7,500,000
    Description

    Marcus & Millichap has been chosen to exclusively market for sale the Red Lion Inn & Suites Kent Seattle, a three-story 60-room hotel located in Kent, Washington. The property is located just south of Seattle, 1 mile from the ShoWare Center, a 6,500-seat arena that hosts hockey games, concerts and other events. This asset is ideally located off of State Routes 167 & 516 and benefits from a strong business and leisure market with many notable employers. Home to three ports located on the Puget Sound, the Seattle market offers a sizable international trade industry. The hotel also benefits from a strong, growing economy and a highly educated workforce in the area.

    The Red Lion Inn & Suites Kent Seattle represents the opportunity to acquire a branded hotel in the desirable Seattle metropolitan area. This property can convert to a SureStay Plus by Best Western with no conversion PIP and will be on the Best Western reservation system. Our Pro Forma analysis assumes an investor will increase operating efficiencies through cost management and modest revenue growth.

    Recently Renovated in 2019

    Minimal PIP

    Several Nearby Employers Including Alaska Airlines, Boeing and Columbia Distributing

    Nearby Attractions: ShoWare Center, Pacific Raceways, Highline Gardens and More

    5 Miles to MultiCare Auburn Medical Center and Valley Medical Center

    10 Miles to Seattle-Tacoma International Airport | 51M+ Passengers in 2019

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Tacoma History of Specialty Real Estate for Sale

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    Kent Area Market Trends

    Listing Demographics for 25100 74th Avenue South Kent, WA 98032

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population11,52596,514249,906
    Population Median Age353537
    Population by Age0-9 Yrs1715 (14%)14382 (14%)35514 (14%)
    10-19 Yrs1420 (12%)12167 (12%)29910 (11%)
    20-29 Yrs2199 (19%)16421 (17%)38685 (15%)
    30-39 Yrs2047 (17%)15290 (15%)37573 (15%)
    40-49 Yrs1280 (11%)11961 (12%)31224 (12%)
    50-59 Yrs1017 (8%)11246 (11%)32678 (13%)
    60-69 Yrs816 (7%)8216 (8%)24616 (9%)
    70+ Yrs1031 (8%)6831 (7%)19705 (7%)
    Median HH Income$38,272$60,191$67,840
    Total Household Income< 24K1414 (32%)6234 (18%)13159 (15%)
    25-49K1189 (27%)7596 (22%)17712 (20%)
    50-74K813 (18%)6771 (20%)17516 (20%)
    75-99K393 (9%)4120 (12%)11764 (13%)
    100-199K481 (11%)6966 (21%)21766 (25%)
    200K+62 (1%)1410 (4%)4981 (5%)
    Highest Education LevelNo Diploma15051011622487
    Diploma or GED23131735044277
    Some College19241506640414
    Assoc. Degree500588617941
    Bachelors Degree8101045930292
    Higher Degree302324211396
    Total Housing Units4,54035,47092,141
    --Owner-Occupied85615,17348,499
    --Renter-Occupied3,49517,92538,398
    Owner-Occupied Values< 100K21414284396
    100-199K11617304304
    200-299K274476013450
    300-399K171426014110
    400-499K4120777339
    500K+409184901
    Total Working Age Population8,98275,173196,905
    In Work Force5,16950,458132,320
    Not In Work Force3,81324,71564,586
    Workforce Employed4,74447,230124,670
    Workforce Unemployed4013,0807,418
    Civlian Workforce5,14450,310132,088
    Military Workforce25148231
    Total Households4,35133,09886,897
    Family Households1,98321,69758,801
    Non-Family Households2,36811,40128,096
    Married Couple1,13514,25940,643
    Other Family8487,43818,158
    Married w/Child6116,74218,106
    Single Male w/Child851,0822,529
    Single Female w/Child4263,0866,525

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Washington5,894,121+146,724,540+147,638,415+118,503,178
    King County1,737,034+111,931,249+162,231,408+112,474,625

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 25100 74th Avenue South in Kent?
    The asking price for 25100 74th Avenue South is $7,500,000
    What is the building size of this Specialty property in Kent, WA?
    The size of the building/unit at 25100 74th Avenue South in Kent is 34,577 square feet
    How much land does the Kent, WA property at 25100 74th Avenue South include?
    25100 74th Avenue South in Kent includes 1.000 acres of land
    What kind of Specialty is the propery at 25100 74th Avenue South?
    The property at 25100 74th Avenue South Kent, WA 98032 is listed as a Hotel/Motel/Resort Specialty property
    What is the population within 1 mile of 25100 74th Avenue South in Kent?
    The population within 1 mile of 25100 74th Avenue South Kent, WA 98032 is 11,525 people.
    Who do I contact for questions about 25100 74th Avenue South?
    You should contact the listing agent, Josh Tammen, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Seattle Tacoma International Airport (SEA) 6
    Boeing Field King County International Airport (BFI) 11
    Portland International Airport (PDX) 125