16783 272Nd StCovington, WA 98042

For Lease
$38/SF/YR View listing
  • Commercial real estate
  • 10,042 SF

Property Details for 16783 272Nd St

Year built
1998
Construction
WOOD
Lot size
0.80 AC
Property size (Sq ft)
10,042 SF
Zone code
MC
Property type
Commercial real estate
APN
362205-9027
APU
3622059027

Description

This single-story, 10,042 square foot retail building, constructed in 1998 and renovated the same year, is located at 16783 SE 272nd St, Covington, WA 98042, in King County. The property sits on 0.8 acres and features abundant parking. Currently, one suite totaling 1,200 square feet is available for lease, commencing July 1, 2023. The building is zoned MC and has a King County APN of 362205-9027. The property benefits from a high-traffic location within a busy commercial center, anchored by Safeway and Rite Aid, with proximity to Fred Meyer and Costco. The building offers excellent visibility and accessibility. The landlord is open to lease term extensions. This presents a unique opportunity for a retailer seeking a well-located space in a thriving Covington submarket. Utilities are available (power: yes). The property consists of one building with a total of one suite.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,256,897
    Hospitality
    $2,067,306
    Educational
    $1,719,974
    Medical
    $1,779,127
    Retail
    $2,675,515
16783 272Nd St, Covington, Washington

Location Insight

City
Covington
County
King
State
Washington
Latitude
47.3578
Longitude
-122.116
CBSA code
42660
CBSA name
SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$30,551
$871,100
$1,836,800
$2,707,900
-
$871,100
$1,836,800
$2,707,900

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