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FOR SALE: $1,075,000

BENSON HILL RENTON LAND

2 PARCELS | 2 HOMES

40,474 SF LAND | 19,390 SF ZONED “CN” | 21,084 SF ZONED “R-14”

16807 & 16801 108TH AVE SE, RENTON, WA 98058

FOR SALE: $1,075,000

16807 & 16801 108TH AVE SE, RENTON, WA 98058

40,474 SF LAND | 19,390 SF ZONED “CN” | 21,084 SF ZONED “R-14”

 
 
 

2

Parcels

40,474

Lot SF

2

Homes

3,870

Rentable SF

 

RENTON MARKET SUMMARY (COSTAR)

Renton has a large and fast-growing population that generates solid demand, resulting in an overall tightening in vacancies and robust rent growth since the recession. Traditionally a submarket with low-quality inventory, Renton’s share of 4 & 5 Star units increased by more than 30% from 2010–17, putting upward pressure on vacancies for newer assets. In terms of historical rent growth, 3 Star assets have benefited from steady demand, but 4 & 5 Star assets are viable options for those priced out of more expensive areas. Sales volume has picked up significantly this cycle, and overall pricing has gone up substantially since the beginning of the recovery.

 

MULTIFAMILY MARKET SUMMARY (COSTAR)

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ZONING ANALYSIS

 

Chapter 2 ZONING DISTRICTS – USES AND STANDARDS

https://www.codepublishing.com/WA/Renton/#!/Renton04/Renton0402/Renton0402020.html#4-2-020

K. COMMERCIAL NEIGHBORHOOD ZONE (CN):

The purpose of the Commercial Neighborhood Zone (CN) is to provide for small-scale convenience retail/commercial areas offering incidental retail and service needs for the surrounding area. Uses serving a larger area may be appropriate if they also serve the residents of the immediate area and are compatible with the scale and character of the neighborhood. This designation is the smallest and least intensive of the City’s commercial zones. (Ord. 5676, 12-3-2012; Ord. 5744, 1-12-2015)

I. RESIDENTIAL-14 (R-14):

The purpose of the Residential-14 Zone (R-14) is to encourage development, and redevelopment, of residential neighborhoods that provide a mix of detached and attached dwelling structures organized and designed to combine characteristics of both typical single family and small-scale multi-family developments. Densities range from seven (7) to fourteen (14) units per net acre with opportunities for bonuses up to eighteen (18) dwelling units per net acre. Structure size is intended to be limited in terms of bulk and scale so that the various unit types allowed in the zone are compatible with one another and can be integrated together into a quality neighborhood. Project features are encouraged, such as yards for private use, common open spaces, and landscaped areas that enhance a neighborhood and foster a sense of community. Civic and limited commercial uses may be allowed when they support the purpose of the designation. (Ord. 5286, 5-14-2007; Ord. 5520, 12-14-2009; Ord. 5744, 1-12-2015; Ord. 5759, 6-22-2015)

 

ZONING DISTRICTS – USES AND STANDARDS

4-2-010 ZONES AND MAP DESIGNATIONS ESTABLISHED

https://www.codepublishing.com/WA/Renton/#!/Renton04/Renton0402/Renton0402010.html#4-2-010

 

4-2-060 Zoning Use Table – Uses Allowed in Zoning Designations

https://www.codepublishing.com/WA/Renton/#!/Renton04/Renton0402/Renton0402060.html#4-2-060

 

CA - ATTACHED DWELLING STIPULATIONS

https://www.codepublishing.com/WA/Renton/#!/Renton04/Renton0402/Renton0402080.html#4-2-080

18.    Specified use(s) are not allowed within one thousand feet (1,000') of the centerline of Renton Municipal Airport runway. In the UC Zone, buildings adjacent to pedestrian-oriented streets, designated as such via Master Plan or similar document approved by the City, shall be mixed use with ground-floor commercial uses; in all other applicable Zones, buildings shall be mixed use with ground-floor commercial. Where required, commercial space shall be provided on the ground floor at thirty feet (30') in depth along any street frontage. Averaging the minimum depth may be permitted through the site plan review process, provided no portion of the depth is reduced to less than twenty feet (20'). All commercial space on the ground floor shall have a minimum floor-to-ceiling height of fifteen feet (15'). Residential uses shall not be located on the ground floor along any street frontage.

Residential uses are not permitted in the Benson, Cedar River, Talbot, or Valley Community Planning Areas. Community Planning Areas are identified in the City of Renton’s COR Maps, the City’s online interactive mapping application available through the City’s website. (Ord. 5778, 11-16-2015)

 

4-2-110A DEVELOPMENT STANDARDS FOR RESIDENTIAL ZONING DESIGNATIONS

(PRIMARY AND ATTACHED ACCESSORY STRUCTURES)

https://www.codepublishing.com/WA/Renton/#!/Renton04/Renton0402/Renton0402110A.html#4-2-110A

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