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123 208th St E 7,680 SF 100% Leased Retail Building Spanaway, WA 98387 $1,600,000 ($208.33/SF)
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
$1,600,000
Price Per SF
$208.33
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 | $92,900 |
| Land Assessment | $443,200 | Total Assessment | $536,100 |
Property Taxes
Parcel Number
031804-4089
Land Assessment
$443,200
Improvements Assessment
$92,900
Total Assessment
$536,100
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123 208th St E