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123 208th St E 7,680 SF 100% Leased Retail Building Spanaway, WA 98387 $2,262,320 CAD ($294.57 CAD/SF)
Investment Highlights
- Sits on nearly two acres, providing ample room for parking or future site improvements.
- Positioned in an established mixed-use corridor close to schools and residential neighborhoods.
- Conveniently located near Walmart Supercenter, Dollar Tree, and multiple restaurants within a half-mile radius.
- Easy access to Highway 7, ensuring connectivity to Tacoma and the surrounding Puget Sound region.
Executive Summary
Great income producer w/redevelopment potential on 1.95 acres in Spanaway. Property currently used for fabrication shop, contractor yard & offices w/RV parking & storage rentals. Increase income by leasing space occupied by owner. Secure electronic gate w/individual codes; covered & outside spaces, room to expand. 3 phase power; 3 bldgs: Bldg #1 approx. 240’x40’ w/160' covered exterior bays, enclosed 55’x35’ shop, w/second enclosed 25'x35’ workshop, both w/14’ ceilings; Bldg #2 - 40’x12’ & 3 offices w/shared bathroom; Bldg #3 - 2nd portable bldg 36’x12’; also, 2 income producing 8'x40' metal storage containers.
Seller utilizes property for separate business and storage. More storage spaces available for future rent. Buyer and Buyer Broker to verify all information and to their satisfaction. Current Tenants are on month-to-month. Items that stay: Phone, computer (that controls the gate), video cameras and monitor, boiler for hot water. Please inquire about the RV parking tenant.
Seller utilizes property for separate business and storage. More storage spaces available for future rent. Buyer and Buyer Broker to verify all information and to their satisfaction. Current Tenants are on month-to-month. Items that stay: Phone, computer (that controls the gate), video cameras and monitor, boiler for hot water. Please inquire about the RV parking tenant.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
7,680 SF
Year Built
1979
Price
$2,262,320 CAD
Price Per SF
$294.57 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.09
Lot Size
1.95 AC
Zoning
MSF - Provides areas designated for urban detached and attached single-family or
2-family residential development at a range of 1 to 6 dwelling units/acre.
Parking
80 Spaces (10.42 Spaces per 1,000 SF Leased)
Frontage
Somewhat walkable
30/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 031804-4089 | Improvements Assessment | $129,539 CAD |
| Land Assessment | $617,994 CAD | Total Assessment | $747,532 CAD |
Property Taxes
Parcel Number
031804-4089
Land Assessment
$617,994 CAD
Improvements Assessment
$129,539 CAD
Total Assessment
$747,532 CAD
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123 208th St E
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