For Sale
$6,490,000

16705 Southcenter PkwyTukwila, WA 98188

Prime Tukwila location, high traffic

Overview

Added:
Dec 11, 2024
Days on market:
112
This exceptional freestanding retail property, located at 16705 Southcenter Pkwy in Tukwila, WA, presents a unique investment opportunity. Boasting 23,422 square feet on a 36,480 square foot lot, this three-story building, constructed in 1978 and renovated in 2010, offers unparalleled visibility and accessibility with over 28,000 vehicles passing daily. The property features a striking central atrium and mezzanine, abundant natural light, and an elevator servicing all three floors, including a private penthouse lock-down for enhanced security. The ground floor encompasses 9,676 square feet of street-level retail space, complemented by 10,070 square feet of showroom/office space on the upper floors. Logistics are streamlined with a complete receiving and loading area featuring two large dock-high doors and a designated loading zone. Further enhancing the property's appeal is a separate two-car residential garage and a rare 3-bedroom, 2-bathroom penthouse rooftop, ideal for owner occupancy, corporate events, or as a conference center. The property is currently 100% occupied under an Absolute NNN lease expiring March 31, 2025, with a remaining lease term of approximately 0.4 years. Ample parking is provided with 39 spaces. The asking price is $6,490,000, and the property is zoned TUC-CC. This is a truly exceptional opportunity to acquire a prime retail asset in a high-traffic location with significant upside potential.

Highlights

  • $6,490,000 asking price for this 23,422 square foot retail storefront.
  • Located at 16705 Southcenter Pkwy, Tukwila, WA 98188.
  • Absolute NNN lease, single tenant, expiring 03/31/2025 (0.4 years remaining).
  • 100% occupancy.
  • Features a 3-story, 23,422 square foot building on a 36,480 square foot lot, built in 1978 and renovated in 2010, with 39 parking spaces.

Property Details for 16705 Southcenter Pkwy

Property type
Retail properties, Retail space
Square Feet
23,422 SF
Year Built/Renovated
1978/2010
Buildings
1
Stories
3
Units
1

Location Insight

City
Tukwila
County
King
State
Washington
Latitude
47.4530957
Longitude
-122.2630927
16705 Southcenter Pkwy, Tukwila, Washington

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16705 Southcenter Pkwy
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