9707 Key Peninsula HwyGig Harbor, WA 98329

Property Details for 9707 Key Peninsula Hwy

Year built

2002

Construction

WOOD FRAME

Lot size

2.47 AC

Property size (Sq ft)

2,240 SF

Zone code

RAC

Property type

Retail properties

Property subtype

Auto shops

APN

22364007

APU

22364007

Description

Exceptional opportunity to acquire a well-established auto repair shop located at 9707 Key Peninsula Hwy NW, Gig Harbor, WA 98329. This single-story, 3,488 square foot building sits on a substantial 2.47-acre lot (107,593 sq ft), boasting 250 feet of road frontage. Built in 2002, the property features six bays, a fenced area accommodating up to 50 vehicles, dual drive-through entries, and a wired security system. The current asking price for the real estate is $849,990, representing a compelling 7.06% capitalization rate based on a net operating income (NOI) of $60,000. The property's current lease, offered at $5,000 per month triple net, further enhances its investment potential. Showings are by appointment only, after 3 PM, and cannot be conducted during business hours. The sale is contingent upon the separate sale of the business currently operating on the premises. SBA loan options may be available. This is a rare opportunity to own a thriving, established business and property in a prime location. The property's parcel number is 0022364007.

Location Insight

City

Gig Harbor

County

Pierce

State

Washington

Latitude

47.3458

Longitude

-122.741

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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