6528 Capitol Blvd SE | Tumwater, WA 98501
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6528 Capitol Blvd SE
Tumwater, WA 98501
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 29% vacant with an additional 40% occupied by a month-to-month lease, allowing for up to 69% or 5,000SF to be owner-occupied or leased at market rate.
- Valued at $208 per square foot, the property is available well below replacement cost.
- Near major freeways such as I-5 and well located on Capitol Blvd, Tumwater's original main street.
- Several tenants are paying below market rent, presenting an immediate opportunity to increase income by securing new leases at fair market.
- Over the past five years, current ownership has invested more than $75,000 in capital improvements.
- 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
Freestanding
Building Size
7,340 SF
Building Class
C
Year Built
1992
Percent Leased
71%
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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