Land for Sale in Renton, WA

Teletare has been helping investors find land for sale in Renton for years. Our team of experienced commercial real estate brokers are extremely knowledgeable about the area and can help you find the perfect lot for your next development.

Just because a piece of land is vacant doesn’t mean there isn’t any research you need to do before making a purchase. There are a number of factors that should be considered before investing in any property.

Here are a few tips for anyone looking at land for sale in Renton, WA.

Check What Type of Activities the Land is Zoned For

One of the first things you’ll need to check on for any property you’re considering purchasing is what it’s zoned for. Zoning laws dictate what kind of business can be operated on the land, so if you have a specific development in mind you’ll need to make sure it’s zoned for that.

• Residential Zoning: These properties can only be used for residential developments. There are two types of residential zoning: Single-family residential and lowrise multifamily. Single-family residential is meant for single-family homes, while lowrise multifamily can be used for cottages, row houses, townhouses, and apartment buildings.

• Commercial/Industrial Zoning: If you’re planning on using the land for a business you’ll need it to be zoned for either commercial or industrial use. Commercial zoning allows for developments such as shopping centers, office buildings, retail stores, and restaurants, while industrial zoning is meant for light and heavy manufacturing, transportation and utility services, entertainment, and salvage and recycling.

If you find land for sale in Renton that isn’t zoned for the type of development you’re interested in it’s a good idea to speak with city officials. In some cases, the city may allow certain permitted uses for the property even if it isn’t zoned for it. If this isn’t the case then you can also apply for a variance or a zoning change.

Check for any Building Restrictions

Zoning laws aren’t the only thing you need to look into. Every piece of land will also have a set of building restrictions that regulate any structures placed on the property.

• FAR (Floor Area Ratio): Floor area ratio, or FAR, is the ratio between a building’s floor area and the size of the land on which the property is located. The larger a property’s FAR ratio, the higher the project density.

• Height Restrictions: In addition to the FAR, there will also be height restrictions placed on any structures built on your land.

Hire Experts to Help You

Purchasing land is a major investment, so before going through with it you’re going to want to get the opinion of experts to ensure you’re making a sound decision.

The first person you should consult with is a commercial real estate broker. They’ll have plenty of experience evaluating and selling land for sale in Renton and will be able to assist you with things like placing a value on the property, arranging for environmental inspections, and negotiating with the seller.

It’s also a good idea to consult with an architect about any piece of land you’re considering buying. They’ll be able to tell you whether the type of development you have planned is feasible on the lot.

Evaluate the Land

There are a number of factors that will impact the value and usability of a piece of land. These include:

• Topography: The more hills and vegetation the property has the more time you’ll need to spend leveling and clearing it before you begin construction. Because of this, land that has already had this done is more valuable.

• Access to Utilities: If you plan to develop the property you’re going to need access to utilities like water and power. Some vacant lots will already have access to these which can save time and money.

• Property Title: Always inspect the property title to ensure there aren’t any leans or lawsuits against the land.

Choose the Right Location

Finally, when choosing the right piece of land for your next project you’ll need to find the right location. Luckily, there are plenty of great options in Renton, including:

• Downtown Renton: This city center has a vibrant culture, as well as a number of commercial businesses and restaurants.

• North Renton: This area is home to Boeing and other industrial properties, along with some residential areas that include both apartments/condos and single-family homes.

• Southwest Renton: Here you’ll find large businesses like Ikea, as well as Providence Health & Medicine. 

• Southeast Renton: This area is primarily residential, consisting mostly of single-family homes.

Find Land for Sale in Renton

Are you interested in investing in vacant land in Renton? Teletare’s expert commercial real estate brokers are here to assist you.