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6528 Capitol Blvd SE
Tumwater, WA 98501
Capitol Blvd Retail Center · Retail Property For Sale
Investment Highlights
- Owner-User or Value-Add Opportunity: 2 tenants operate on MTM leases, allowing flexibility for an owner-user to occupy up to 5,160 SF (69%).
- Future Upside: Tenants in Suites B & C are paying below market rent, allowing for future upside upon lease renewal.
- Dense Residential Base: The retail center is surrounded by a growing, densely populated residential area.
- Priced Below Replacement Cost: Valued at $265 per square foot, the property is available well below replacement cost.
- Proximity to Major Freeways: Excellent accessibility, being minutes from major freeways such as I-5 and its location on Capitol Blvd.
- Strong Demographics: The property benefits from a population density of 119,797 with an average household income of $115,539 within a 5-mile radius.
Property Facts
Property Type
Retail
Property Subtype
Building Size
7,340 SF
Building Class
C
Year Built
1992
Percent Leased
30%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.55 AC
Zoning
CBC
Parking
19 Spaces (2.59 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | 12702231207 | Improvements Assessment | $747,100 |
| Land Assessment | $531,100 | Total Assessment | $1,278,200 |
Property Taxes
Parcel Number
12702231207
Land Assessment
$531,100
Improvements Assessment
$747,100
Total Assessment
$1,278,200
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