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Investment Highlights

  • 9,644 SF stand alone retail building with 1,200 SF additional shop space
  • Ample parking with 30+ surface spaces
  • Wood frame construction
  • HVAC:Heat Pump

Executive Summary

Positioned in the heart of Spanaway’s growing commercial corridor, 137 161st St S presents a compelling opportunity for investors, owner-users, or developers seeking a strategic foothold in Pierce County. This approximately 0.80-acre property features an existing 9,644 SF retail/storefront structure, an additional 1,200 SF shop space, and offers flexible UCOR zoning, allowing for a wide range of commercial uses tailored to evolving market demand. Seller financing available.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,844 SF
Building Class
C
Year Built/Renovated
1956/1994
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.80 AC
Opportunity Zone
Yes
Zoning
UCOR
Parking
32 Spaces (2.95 Spaces per 1,000 SF Leased)
Frontage
108’ on Pacific Ave

Amenities

  • Pylon Sign
  • Signage
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100

Nearby Major Retailers

Starbucks
LA Fitness
KeyBank
Columbia Bank
U.S. Bank
Rent-A-Center

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 502500-2450
  • 502500-2440
Land Assessment
$1,148,989 CAD
Improvements Assessment
$799,852 CAD
Total Assessment
$1,948,841 CAD
  • Listing ID: 41130004

  • Date on Market: 2026-07-01

  • Last Updated:

  • Address: 137 161st St S, Spanaway, WA 98387

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