15611 Pacific AveTacoma, WA 98444

Property Details for 15611 Pacific Ave

Year built

1986

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.55 AC

Property size (Sq ft)

2,382 SF

Zone code

CMUD

Property type

Drive through restaurants

APN

319213021

APU

319213021

Description

Spanaway Village Shopping Center, located at 15611 Pacific Ave S, Tacoma, WA 98444, offers a prime retail investment opportunity. This 185,094 square foot center boasts 30 suites across 10 single-story buildings situated on a 998,439 square foot lot. Built in 1984 and renovated in 1990, the property features ample parking with 1109 spaces. The center is zoned C2PDD and has a total tax cost per square foot of $10.60. The property enjoys a high-traffic location on Pacific Avenue South, across from Lake Spanaway Golf Course, and is anchored by established businesses including LA Fitness, Tractor Supply, Wendy's, and a remodeled Safeway. One available space of 1,038 square feet is currently available. The property's cross street is 159th St. S, and its APN is 0319213020. This center is ideal for a variety of retail and restaurant uses, offering excellent visibility and access in the Spanaway submarket of Tacoma. The property's location provides convenient access for customers and employees. This is a rare opportunity to acquire a well-established retail center in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $947,525

  6.5%

  $874,639

  7%

  $812,165

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,609,692

  Geo Method

  $1,155,988

• Alternative Use

  Use

  Valuation

  Residential

  $737,790

  Hospitality

  $675,812

  Educational

  $562,268

  Medical

  $581,605

  Retail

  $874,639

Location Insight

City

Tacoma

County

Pierce

State

Washington

Latitude

47.1155

Longitude

-122.434

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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