WA > Tumwater > Tumwater
Tumwater, WA 98501,6528 Capitol BLVD SE
Tumwater, WA 98501,6528 Capitol BLVD SE
Tumwater, WA 98501,6528 Capitol BLVD SE
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Listed by Kidder Mathews
$1,525,000
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0.55 Acres Lot
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6528 Capitol BLVD SE Tumwater, WA 98501

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Better Properties Hometown

Better Properties Hometown

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Key Details

Property Type Commercial

Sub Type Commercial Industrial

Listing Status Active

Purchase Type For Sale

Subdivision Tumwater

MLS Listing ID 2394542

Style 75 - Retail

Year Built 1992

Lot Size 0.550 Acres

Property Sub-Type Commercial Industrial

Property Description

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.

Location

State WA

County Thurston

Area 443 - Tumwater

Interior

Fireplace false

Building

Sewer Available

Water See Remarks

Others

Senior Community No

Acceptable Financing See Remarks

Listing Terms See Remarks

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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Better Properties Hometown

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6528 Capitol BLVD SE

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