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923 SW 152nd St 3,812 SF 100% Leased Retail Building Burien, WA 98166 $1,550,000 ($406.61/SF) 7.01% Cap Rate
Investment Highlights
- Anchored by The Tin Room, a long-standing Burien institution with over two decades of operating history
- Recent, high-quality turnkey improvements reduce capital needs and support strong tenant retention.
- Tenant operates under a fresh 5-year triple-net lease, minimizing landlord responsibilities and providing predictable, passive cash flow.
- Rare experiential retail format combining restaurant, full bar, outdoor patio, and an integrated theater/event venue.
Executive Summary
NAI Puget Sound Properties is pleased to present 923 SW 152nd St, Burien, WA, a fully leased mixed-use retail asset located along Burien’s highly trafficked and sought-after 152nd Street corridor. The 3,812 SF building sits on a 4,702 SF parcel and is anchored by The Tin Room Bar & Theater, a beloved Burien community staple that has operated successfully in this location for over 20 years.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
3,812 SF
Building Class
C
Year Built
1921
Price
$1,550,000
Price Per SF
$406.61
Cap Rate
7.01%
NOI
$108,639
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.81
Lot Size
0.11 AC
Opportunity Zone
Yes
Zoning
SPA-1
Parking
6 Spaces (1.11 Spaces per 1,000 SF Leased)
Very walkable
80/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 122000-0009 | Improvements Assessment | $611,500 |
| Land Assessment | $155,100 | Total Assessment | $766,600 |
Property Taxes
Parcel Number
122000-0009
Land Assessment
$155,100
Improvements Assessment
$611,500
Total Assessment
$766,600
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