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Listed by Kidder Mathews
$ 1,525,000
Est. payment /mo
Active
6528 Capitol BLVD SE Tumwater, WA 98501
0.55 Acres Lot
UPDATED:
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
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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