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Listed by:Kidder Mathews • Kevin G. Verger
$ 1,280,000
Est. payment | /mo
0.28 Acres Lot
$ 1,280,000
Est. payment | /mo
0.28 Acres Lot
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision South Auburn
MLS Listing ID 2518114
Style 75 - Retail
Year Built 1979
Lot Size 0.280 Acres
Property Sub-Type Commercial Industrial
Property Description
This asset offers investors and owner/users the rare combination of immediate cash flow, flexible occupancy, and meaningful value-add potential. The property is currently 60% occupied and generates a 7.00% in-place cap rate, providing stable income from the current tenants, creating a clear path to increased income through lease-up or direct owner occupancy. Attractive In-Place Yield - Offered at a compelling 7.00% going-in cap rate, providing immediate cash flow from established tenancy. Clear Value-Add Through Lease-Up - Currently 60% occupied, offering investors a clear path to increase income and value through lease-up of the remaining office suites. Owner-User Flexibility - Ideal for an owner-occupant seeking a professional office presence while offsetting occupancy costs through rental income from existing retail tenants. Flexible Use Potential - Second-floor office layout is well-suited for professional services, medical, or administrative users. Strong Traffic Exposure - Exceptional visibility to 25,000+ average daily vehicles, supporting retail tenant performance, enhancing signage presence, and increasing long-term leasing appeal. Excellent Regional Connectivity - Located just minutes from SR 167, providing access to SR 18, I-5, and I-405, supporting tenant accessibility, employee commuting, and long-term leasing demand.
Location
State WA
County King
Area 310 - Auburn
Interior
Fireplace false
Building
Sewer Sewer Connected
Others
Senior Community No
Acceptable Financing Cash
Listing Terms Cash
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RSVP Real Estate Group
Real Estate Firm | License ID: 17634
Real Estate Firm License ID: 17634