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Investment Highlights

  • 3 well-designed buildings
  • A huge warehouse
  • over 50 parking spots

Executive Summary

Discover an outstanding opportunity to own a highly functional 1.95-acre commercial property in the growing Spanaway area. Ideal for an owner-user, contractor, fabricator,or investor, this versatile property offers a rare combination of extensive improvements,secure storage,& future redevelopment potential. The fully fenced site is secured by an electronic gated entrance with individual access codes and provides ample space for equipment,vehicles,trailers, RVs, & outdoor storage. With generous open areas and room for expansion, the property offers flexibility for a wide range of commercial uses. Equipped with 3-phase power, the property includes 3 well-designed buildings: Building 1: Approximately 240' x 40', featuring 160 feet of covered exterior bays, a 55' x 35' enclosed shop, plus a 25' x 35' workshop, both with 14-foot ceilings, providing excellent space for fabrication, manufacturing, storage, or contractor operations. Building 2: Approximately 40' x 12', configured with 3 private offices & a shared restroom. Building 3: A 36' x 12' portable office building, offering additional office or workspace. The property also includes two 8' x 40' steel storage containers, providing secure on-site storage or the potential for additional income-producing opportunities. The spacious site, existing infrastructure, and future redevelopment possibilities make this a rare opportunity in a rapidly growing area of Pierce County.

Financial Summary (Actual - 2025)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $69,019 $8.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $69,019 $8.99
Net Operating Income - -

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual $69,019
Annual Per SF $8.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $69,019
Annual Per SF $8.99
Net Operating Income (CAD)
Annual -
Annual Per SF -

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
7,680 SF
Building Class
C
Year Built
1979
Price
$2,584,053 CAD
Price Per SF
$336.47 CAD
Cap Rate
6%
NOI
$155,043 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
228’ on 3Rd Ave

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • 20710 Spanaway Llc
  • -
  • -
  • -
  • -
  • Caleb Us Inc
  • Public Administration
  • -
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease End
20710 Spanaway Llc - - - -
Caleb Us Inc Public Administration - - -
Somewhat walkable
30/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100

Nearby Major Retailers

Starbucks
Denny's

Property Taxes

Property Taxes

Parcel Number
031804-4089
Land Assessment
$611,780 CAD (2026)
Improvements Assessment
$165,230 CAD (2026)
Total Assessment
$777,010 CAD (2026)
  • Listing ID: 41322483

  • Date on Market: 2026-07-16

  • Last Updated:

  • Address: 20710 3rd Ave E, Spanaway, WA 98387

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