17615 SE 272nd St | Covington, WA 98042
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17615 SE 272nd St
Covington, WA 98042
Covington Plaza · Retail Property For Sale
Investment Highlights
- First time on the market since originally constructed in 1989
- All tenants operate on NNN leases, allowing for full reimbursement of operating expenses
- Covington is experiencing a surge in housing development, with approximately 400+ units under construction
- The center has been extremely well-maintained, including a newer roof, exterior paint, seal coating, HVAC and landscaping
- Located at a signalized corner featuring over 28k VPD and surrounded by national retailers such as Chick-Fil-A, McDonald’s, O’Reilly Auto
Property Facts
Property Type
Retail
Building Size
11,484 SF
Building Class
C
Year Built
1989
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
0.99 AC
Zoning
CD
Parking
44 Spaces (1.69 Spaces per 1,000 SF Leased)
Frontage
102’ on SE 272ns St
Property Taxes
| Parcel Number | 362205-9064 | Improvements Assessment | $2,179,100 |
| Land Assessment | $1,093,800 | Total Assessment | $3,272,900 |
Property Taxes
Parcel Number
362205-9064
Land Assessment
$1,093,800
Improvements Assessment
$2,179,100
Total Assessment
$3,272,900
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