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January 30, 2014

Downtown Renton vacant properties see some sales action

Renton Reporter

Tracey Compton

While some vacant Renton properties have piqued the interest of potential buyers, others continue to sit waiting for new owners. However, local real estate agents say the market does appear to be getting better.

"The market is better than it was a year ago by far," said Mike Catt of Kidder Mathews real estate company. "We've got more people who are interested in the market...who are ready to move forward."

Kidder Mathews sold two of Renton's car dealership properties recently. The former Lincoln Mercury dealership, a 4.35-acre property, was sold to the owners of Car Pros.

Dale Walker of Walker's Renton Subaru moved his dealership to the former Saturn dealership on Grady Way about a month ago.

Currently there is an offer on the table for the former Renton Western Wear building, Catt said, although he's not at liberty to discuss the details of the potential sale.

There's also been some activity on the former McLendon Hardware site, but that building has sat vacant for a long time too, Catt said.

"Some of the downtown core continues to be somewhat challenging, but it's getting better," he said. "We're getting more traffic down there."

The former American Drapery building is facing this particular hardship too, according to agent Steve Holman of American Commercial Real Estate.

He has been trying to drum up interest from restaurants and museums, businesses that would be a local draw but so far no takers.

The building has 16,000 square feet on the main floor and sits across the street from the Renton Transit Center. It was recently taken off the market by its owners and is still awaiting sale.

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