Former Advance Auto Parts 14307 1st Ave S 5,950 SF Retail Building Burien, WA 98168 $2,855,000 ($479.83/SF)

Marcus & Millichap’s Brown Retail Group has been selected to exclusively market for sale the Burien Owner/User Building, strategically positioned in the dense Burien/SeaTac submarket of the Seattle MSA. The Property sits directly adjacent to a top 2% nationally ranked Fred Meyer attracting more than 1.8 million annual visitors (per Placer.ai). The high-visibility site occupies the signalized hard-corner of 1st Avenue S and SW 143rd Street, with exposure to 18,000+ VPD and immediate access to Highway 509’s north and south ramps (46,900+ VPD), supported by prominent pylon signage and multiple points of ingress/egress. The Property recently underwent extensive 2025 renovations, including a brand-new roof with 30-year warranty, new HVAC, parking lot overlay and sealcoat, and interior restoration to vanilla shell condition—delivering a turnkey building ready for immediate occupancy. Zoned MU-A (Arterial Mixed Use), the site permits a wide variety of retail, office, medical, and residential uses with redevelopment potential of up to 165 feet in height. The Property is surrounded by a thriving retail corridor anchored by Burien Town Plaza and Five Corners Shopping Center, and complemented by numerous national retailers including Fred Meyer, Discount Tire, Safeway, Staples, AutoZone, LA Fitness, PetSmart, and more. This tenant mix drives steady consumer traffic and reinforces long-term demand. The trade area features dense and affluent demographics, with over 218,000 residents within a five-mile radius and average household incomes exceeding $111,000. The submarket also exhibits high barriers to entry, with retail rents in the SeaTac/Burien submarket increasing 4.7% year-over-year and maintaining over 4.1% average annual rent growth for the past five years (per CoStar). With less than 1% retail footprint growth over the past decade and no new retail space currently under construction, demand for space remains strong—offering owner/users the opportunity to control occupancy costs by purchasing rather than leasing. Additionally, Washington’s income tax-free status further enhances the long-term investment appeal for both businesses and investors.