FORMER FRED MEYER | KENT WASHINGTON

10201 SE 240th St, Kent, WA 98031

Property Information

  • For Sale Contact Listing Brokers
  • Property Type Retail - Street Retail
  • Property Size 167,146 SF
  • Units 1
  • Lot Size 12.77 Acre
  • Building Class C
  • Year Built 1988
  • Date Updated May 16, 2026

Description

Located in Kent’s East Hill neighborhood, this high-visibility property sits at the signalized intersection of SE 240th Street and 104th Avenue SE—one of the city’s most active commercial corridors. The site benefits from strong surrounding demographics, excellent traffic counts exceeding 26,000 vehicles per day, and proximity to major arterials connecting to downtown Kent, Highway 167, and the greater Seattle metro. Retail, dining, and community amenities are all within minutes, making this an exceptional location for redevelopment or repositioning within one of the Puget Sound region’s fastest-growing trade areas.Leibsohn & Company and CBRE are pleased to present the former Fred Meyer in Kent, Washington — a prime 12.77-acre redevelopment opportunity positioned in the heart of Kent’s East Hill neighborhood. The property features a 167,146 SF former retail building with an 8,080 SF garden center and over 630 surface parking stalls. Zoned Community Commercial (CC), the site offers exceptional flexibility for a wide range of commercial, mixed-use, or multi-tenant redevelopment projects. With prominent frontage along SE 240th Street and 104th Avenue SE, the property provides outstanding visibility and accessibility in a dense and growing suburban market. Surrounded by established residential neighborhoods and strong retail co-tenancy, this site is ideally suited for investors and developers seeking a high-profile asset in the dynamic South King County trade area.

Highlights

  • 12.77-acre high-visibility site located on SE 240th Street
  • 167,146 SF existing building with flexible reuse potential
  • 694 surface parking stalls
  • Surrounded by established residential neighborhoods and strong retail co-tenancy

Contacts

Royce Cottle

Leibsohn & Company

Location

Located at 10201 SE 240th St, Kent, WA 98031, this property is part of the Canterbury neighborhood and Seattle market.

Contact Listing Broker
Royce Cottle

Leibsohn & Company

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