Kent Des Moines Station Development Site - 2703 S 240th St

Colliers Capital Markets Group is please to present the opportunity to acquire approximately 126,000 square feet (2.89 acres) of MTC-1zoned land in Kent's Midway subarea — a rare large-scale transit-oriented development site under half a mile from the Kent-Des Moines Link Light Rail Station, which opened for revenue service in December 2025.

Held in single ownership across three contiguous parcels with frontage on four streets, the site sits within one of only two areas the City of Kent has designated for multifamily property tax exemption. As one of the largest remaining redevelopment opportunities along the Pacific Highway corridor, it offers a rare chance to deliver much-needed housing in one of South King County's fastest-evolving transit submarkets.