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16009 60th St E 7,660 SF 100% Leased Retail Building Sumner, WA 98390 $1,900,000 ($248.04/SF) 8.21% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully lease opportunity
- Multiple allowables uses
EXECUTIVE SUMMARY
The Windmill Gardens Complex is situated at the prominent intersection of Main Street (60th St. E.) and 160th Avenue E. in the sought-after town of Sumner. The property features three buildings with a total area of 6,770 square feet set on four parcels totaling just under 1 acre (41,982 square feet). It also includes an additional greenhouse and a gazebo/potting shed. Neighborhood Commercial zoning allows for a wide range of potential uses.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$156,578
|
$20.44
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$156,578
|
$20.44
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $156,578 |
| Annual Per SF | $20.44 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $156,578 |
| Annual Per SF | $20.44 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,660 SF
Building Class
C
Year Built
1960
Price
$1,900,000
Price Per SF
$248.04
Cap Rate
8.21%
NOI
$156,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.18
Lot Size
0.96 AC
Zoning
GC - General Commercial
Parking
40 Spaces (5.22 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $613,900 (2025) | |
| Land Assessment | $1,094,000 (2025) | Total Assessment | $1,707,900 (2025) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,094,000 (2025)
Improvements Assessment
$613,900 (2025)
Total Assessment
$1,707,900 (2025)
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16009 60th St E
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