6528 Capitol BlvdTumwater, WA 98501

This 7,500 square foot shopping center in Tumwater, WA, presents a compelling owner-user or value-add opportunity. Located at 6528 Capitol Blvd SE, 98501, this single-story, 1992-built property sits on a 23,958 square foot lot and currently boasts 31% occupancy across four units. The asking price is $1,990,000 ($265/SF). Two of the four tenants are on month-to-month leases, providing flexibility for an owner-user to occupy up to 69% (5,160 SF) while maintaining rental income from the remaining space. The property benefits from a prime location in a densely populated residential area, with over 2,763 homes and an average household income of $89,377 within a one-mile radius. Excellent accessibility is ensured by its proximity to I-5 and its location on Capitol Blvd SE, a high-traffic thoroughfare with 14,175 vehicles per day. The below-market rent of two tenants offers potential for future rental income increases. Within a five-mile radius, the area boasts a population density of 119,797 with an average household income of $115,539. This combination of location, flexibility, and below-replacement-cost pricing makes this a strong investment opportunity.