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1000 Town Center Rd NE
Browns Point, WA 98422
Browns Point Town Center · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Immediate Value-Add Opportunity – Pro Forma 11.65% Cap Rate
  • Strong Leasing Momentum | Diverse, Service and Daily Needs Oriented Tenant Mix
  • #1 Retail Market in 2024 | No Retail Competition
  • Price Significantly Below Replacement Cost
  • 121-Unit Senior Housing Redevelopment Fully Permitted
  • High Barrier to Entry Submarket with 3.1% Vacancy Rate & Strong Rent Growth

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront
Building Size
39,006 SF
Building Class
C
Year Built/Renovated
1984/2004
Tenancy
Multiple
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.28
Lot Size
3.22 AC
Zoning
NC - Neighborhood Commercial
Parking
161 Spaces (4.13 Spaces per 1,000 SF Leased)
Frontage
360’ on Town Center Rd NE Rd NE

AMENITIES

  • Pylon Sign
  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
757500-0031
Land Assessment
$2,273,000
Improvements Assessment
$2,016,900
Total Assessment
$4,289,900
  • Listing ID: 35429542

  • Date on Market: 4/9/2025

  • Last Updated:

  • Address: 1000 Town Center Rd NE, Browns Point, WA 98422

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