LEGEND MOTEL REDEVELOPMENT OPPORTUNITY

INVESTMENT HIGHLIGHTS

STRATEGIC LOCATION & ACCESSIBILITY:

•  Proximity to Key Transportation Hubs: Just Three (3) miles from the Seattle-Tacoma International Airport, offering significant accessibility for travelers.
• High Traffic Visibility: Situated near the densely populated Pacific Highway S and Interstate-5 corridor, which sees an average of over 106,000 VPD
  (Vehicles Per Day).

ECONOMIC & DEMOGRAPHIC ADVANTAGE:

• Population Density: Over 223,180 people within a 5-mile radius, providing a substantial customer base.
• Economic Developments in Vicinity: Close to the Green River Valley, the fourth-largest warehouse and distribution center in the United States,
  forecasting an increase in business and industrial activity in the area.

REDEVELOPMENT OPPORTUNITY:

• A recent land transaction at 23040 Pacific Hwy S, Des Moines, WA 98198, sold for approximately $2.8 million per acre in April 2023. This transaction
  provides an indicator of the current land value in the area.
• In the past year, there have been sales of four apartments in the vicinity with an average sale price of around $243,475 per unit. This data reflects the
  current market dynamics and demand in the residential sector.