Bought with John L. Scott, Inc.
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16601 Pacific AVE S Spanaway, WA 98387
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Key Details
Sold Price $1,575,000
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Spanaway
MLS Listing ID 1646711
Sold Date 11/06/20
Style 60 - Comm Bldg Und 10K
Year Built 1966
Annual Tax Amount $14,672
Lot Size 0.482 Acres
Property Sub-Type Commercial Industrial
Property Description
Perfect investment property with redevelopment potential and upside in rents. Sale includes two tax parcels totaling 1.02 acres situated on a signalized corner next to Burger King and across the street from Starbucks. The four buildings provide rental income through the investments/redevelopment plan for the highest and best next use with MUD Zoning ( mixed use development). New roofs in July 2020. Income is proforma - See Offering memorandum for actual and proforma rents .
Location
State WA
County Pierce
Area 99 - Spanaway
Interior
Flooring Vinyl
Fireplace false
Exterior
Exterior Feature Wood
Utilities Available Septic System, Electric
Roof Type Composition
Building
Sewer Septic Tank
Water Community
Others
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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