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20710 3rd Ave E, Spanaway, WA 20710 20710 3rd Ave E 7,680 SF 100% Leased Retail Building Spanaway, WA 98387 $1,872,000 ($243.75/SF) 6% Cap Rate



Investment Highlights
- 3 well-designed buildings
- A huge warehouse
- over 50 parking spots
Executive Summary
Discover an outstanding opportunity to own a highly functional 1.95-acre commercial property in the growing Spanaway area. Ideal for an owner-user, contractor, fabricator,or investor, this versatile property offers a rare combination of extensive improvements,secure storage,& future redevelopment potential. The fully fenced site is secured by an electronic gated entrance with individual access codes and provides ample space for equipment,vehicles,trailers, RVs, & outdoor storage. With generous open areas and room for expansion, the property offers flexibility for a wide range of commercial uses. Equipped with 3-phase power, the property includes 3 well-designed buildings: Building 1: Approximately 240' x 40', featuring 160 feet of covered exterior bays, a 55' x 35' enclosed shop, plus a 25' x 35' workshop, both with 14-foot ceilings, providing excellent space for fabrication, manufacturing, storage, or contractor operations. Building 2: Approximately 40' x 12', configured with 3 private offices & a shared restroom. Building 3: A 36' x 12' portable office building, offering additional office or workspace. The property also includes two 8' x 40' steel storage containers, providing secure on-site storage or the potential for additional income-producing opportunities. The spacious site, existing infrastructure, and future redevelopment possibilities make this a rare opportunity in a rapidly growing area of Pierce County.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$50,000
|
$6.51
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$50,000
|
$6.51
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $50,000 |
| Annual Per SF | $6.51 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $50,000 |
| Annual Per SF | $6.51 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
7,680 SF
Building Class
C
Year Built
1979
Price
$1,872,000
Price Per SF
$243.75
Cap Rate
6%
NOI
$112,320
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
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- 20710 Spanaway Llc
- -
- -
- -
- -
- Caleb Us Inc
- Public Administration
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| 20710 Spanaway Llc | - | - | - | - | ||
| Caleb Us Inc | Public Administration | - | - | - |
Somewhat walkable
30/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 031804-4089 | Improvements Assessment | $119,700 (2026) |
| Land Assessment | $443,200 (2026) | Total Assessment | $562,900 (2026) |
Property Taxes
Parcel Number
031804-4089
Land Assessment
$443,200 (2026)
Improvements Assessment
$119,700 (2026)
Total Assessment
$562,900 (2026)
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