6528 Capitol Boulevard SE in Tumwater
| Listing ID: | 2394542 (Commercial) |
|---|---|
| Listing Price: | $1,525,000 |
| Days on Market: | 14 |
Details | |
| Lot Size: | 0.55 acre (23,958 sqft) |
Pleased to present the opportunity to acquire 7,340 SF retail building, ideally positioned for an owner-user or value-add investor. The property is currently 29% vacant, with an additional 40% occupied by BJ Paint Shop on a month to-month lease at below market rent. This provides an owner-user the opportunity to occupy up to 5,000 SF or allows a value-add investor to stabilize the property at an estimated cap rate above 8%. Current ownership has invested over $75,000 in capital improvements, including a new HVAC system for Unit B, upgraded exterior lighting, fence replacement, and extensive tenant improvements to Unit D - the currently available suite.
This listing is provided courtesy of NWMLS, contributed by Kidder Mathews.
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