17455 SE Wax Rd,, Covington, WA
This Property is close to the intersection of Kent/Kangley Rd (272nd St) and Wax Rd in Downtown Covington,WA. This is currently a church property containing two (2) lots, Parcel#362205-9059 and Parcel# 362205-9123. The combined total Acreage is 2.72 Acres. Wax Road is planned by the City of Covington to be a main access road to the future Covington Town Center. The Zoning is "MHO" and a great location for a possible hotel, medical offices, or a business center.
The site just south of this property - The Covington Town Center - The mixed-use complex includes 78 acres for retail rentals, 264,000 square feet for office space, 770,470 square feet for retail and restaurants, 52,500 square feet for entertainment space such as a movie theater, 5.2 acres for two hotels (310 rooms) and 18.2 acres of green space. The center has the potential to generate approximately 2,000 new jobs and an annual payroll of $125 million. If fully built out in 15 years, the estimated property tax revenue would be around $43 million for the city, county and Newton County School System.