14300 1 AveBurien, WA 98168

Property Details for 14300 1 Ave

Year built

1968

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

13.70 AC

Property size (Sq ft)

169,910 SF

Zone code

CR

Property type

Outlet malls

APN

172304-9021

APU

1723049021

Description

This exceptional retail opportunity presents 1,000 square feet of vacant space within a thriving 169,910 square foot neighborhood shopping center in Burien, Washington. Anchored by a Fred Meyer, this single-story strip center boasts approximately 159,200 square feet of gross leasable area and is strategically located at the intersection of 1st Ave S and SW 144th St. The property enjoys high visibility and accessibility, situated near the intersection of WA 509 and S 146th St, boasting a combined daily traffic count of 43,000 vehicles. Its convenient location offers easy access to major transportation arteries including WA 518 and I-5, placing it within close proximity to Seattle, Southcenter, and SEATAC International Airport. The property features ample parking (4 spaces per 1000 sq ft) and excellent window frontage, making it ideal for retail or service-oriented tenants. The site encompasses 13.7 acres of land and is zoned CR. King County APN is 172304-9021. The property is served by electricity. Elevators are not available.

• CAP approach

  CAP return

  Valuation

  6%

  $51,559,000

  6.5%

  $47,592,900

  7%

  $44,193,400

• Comparable approach

  Method

  Valuation

  Relative Method

  $47,386,300

  Geo Method

  $34,030,100

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $91,645,500

  Mixed-Use / Specialty

  $47,894,200

  Hospitality / Lodging

  $35,751,500

  Office

  $48,100,100

  Institutional / Educational

  $49,958,900

  Residential Income

  $58,452,000

  Multifamily

  $67,493,500

  Automotive / Energy

  $42,821,900

  Parking / Income-Based Land

  $14,312,100

  Restaurant / Food Service

  $25,915,100

  Healthcare / Senior Housing

  $48,631,700

Location Insight

City

Burien

County

King

State

Washington

Latitude

47.4753

Longitude

-122.332

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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