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137 161st St S
Spanaway, WA 98387
Payless ShoeSource · Retail Property For Sale
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
Property Taxes
| Parcel Numbers | Improvements Assessment | $563,800 | |
| Land Assessment | $809,900 | Total Assessment | $1,373,700 |
Property Taxes
Parcel Numbers
Land Assessment
$809,900
Improvements Assessment
$563,800
Total Assessment
$1,373,700
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