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Rainier Yamaha/honda 16002 Pacific Ave S 7,711 SF 2% Leased Retail Building Spanaway, WA 98387 $3,482,820 CAD ($451.67 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • Five contiguous parcels totaling 1.5 acres with paved lots
  • High-visibility location along Pacific Ave S in Spanaway
  • Surrounded by national retailers and dense residential population
  • Flexible UCOR zoning supports multifamily, retail, and civic uses
  • Functional layout with showroom and service garage
  • Exclusively listed by Kidder Mathews with direct broker contact

EXECUTIVE SUMMARY

Positioned along the high-visibility Pacific Avenue South corridor in Spanaway, WA, this 7,571-square-foot commercial building offers a compelling opportunity for owner-users, investors, or developers. The property spans five tax parcels totaling 1.5 acres and includes a well-configured layout with a 4,489-square-foot showroom and a 3,082-square-foot service garage. Originally constructed in 1978 and adjusted in 1996, the building features wood frame construction, forced air HVAC, and ample paved parking across surrounding lots.
Zoned Urban Corridor (UCOR), the site supports a wide range of high-density uses including multifamily residential, retail, grocery, restaurants, office, and civic amenities. The zoning also accommodates auto-oriented businesses and larger retailers, making it ideal for capturing spillover growth from nearby commercial centers and supporting transit-oriented development.
The property benefits from proximity to major retailers such as Home Depot, Safeway, Walgreens, and LA Fitness, as well as dining options like Taco Bell, Burger King, and Wendy’s. Nearby recreational assets include Sprinker Recreation Center and Lake Spanaway Golf Course, enhancing the appeal for both commercial and residential development. With strong visibility and access along Pacific Ave S, this site is well-positioned for a range of strategic uses.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
7,711 SF
Building Class
C
Year Built
1978
Price
$3,482,820 CAD
Price Per SF
$451.67 CAD
Percent Leased
2%
Building Height
1 Story
Building FAR
0.31
Lot Size
0.57 AC
Zoning
MUD, County
Parking
18 Spaces (2.05 Spaces per 1,000 SF Leased)
Frontage
197’ on SR 7
Walk Score®
Very Walkable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Starbucks
LA Fitness
Albertsons
Grocery Outlet
Columbia Bank
U.S. Bank
Rent-A-Center

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
502500-2590
Land Assessment
$747,267 CAD
Improvements Assessment
$562,341 CAD
Total Assessment
$1,309,608 CAD
  • Listing ID: 38420607

  • Date on Market: 2025-11-12

  • Last Updated:

  • Address: 16002 Pacific Ave S, Spanaway, WA 98387

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