MLS #2394542 / Listing provided by NWMLS & Kidder Mathews.
$1,525,000
6528 Capitol Boulevard SE
Tumwater,
WA
98501
Year Built
Pleased to present the opportunity to acquire 7,340 SF retail building, ideally positioned for an owner-user or value-add investor. The property is currently 29% vacant, with an additional 40% occupied by BJ Paint Shop on a month to-month lease at below market rent. This provides an owner-user the opportunity to occupy up to 5,000 SF or allows a value-add investor to stabilize the property at an estimated cap rate above 8%. Current ownership has invested over $75,000 in capital improvements, including a new HVAC system for Unit B, upgraded exterior lighting, fence replacement, and extensive tenant improvements to Unit D - the currently available suite.
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
- Possible Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: No
- Cooling: No
Parking
- Parking Total: 0
Lot Details
- Acres: 0.55
Lot Details
- Acres: 0.55
Power
- Energy Source: See Remarks
Water, Sewer, and Garbage
- Sewer: Available
- Water Source: See Remarks
Chris Moody
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