21505 Renton-Maple Vly RdMaple Valley, WA 98038

For Sale
$2,400,000

Multi-tenant retail/office building, high traffic location.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 8,320 square foot multi-tenant retail, office, and industrial storefront building situated in Maple Valley, Washington. Located at 21505 Renton-Maple Vly Rd, 98038, this property boasts a prime location on State Route 169 (SE Renton Maple Valley Road) and Highway 18, ensuring high visibility and traffic. The building sits on a 1.26-acre lot providing ample parking for tenants and customers. Currently housing four tenants, the property offers a strong 5.59% cap rate and presents an immediate income stream. With a total of five units, there is up to 2,400 square feet of space available for lease, providing an owner-user opportunity or further investment potential. The building features three roll-up doors, ideal for industrial or retail uses. Renovations were completed in phases, with work done in 1971 and 1990. The property is zoned NB and offers a total net rentable area of 8,320 square feet. The asking price for this well-maintained and strategically located property is $2,400,000. This is a rare opportunity to acquire a profitable multi-tenant property in a high-growth area.

Highlights

  • 8,320 SF multi-tenant retail/office building on a 1.26-acre lot with ample parking in Maple Valley, WA.
  • Investment or owner-user opportunity; 5.59% cap rate, four tenants, and up to 2,400 SF available for lease.
  • High-traffic location on SR 169 (SE Renton Maple Valley Rd) and Hwy 18.

Property Details for 21505 Renton-Maple Vly Rd

Property type
Other retail properties, Individual retail properties
Square Feet
8,320 SF
Year Renovated
1971
Lot Size (sq. ft)
54,886 SF
Units
5

Location Insight

City
Maple Valley
County
King
State
Washington
Latitude
47.409111206233
Longitude
-122.03871778204
21505 Renton-Maple Vly Rd, Maple Valley, Washington

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21505 Renton-Maple Vly Rd
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