20710 3rd Ave E, Spanaway, WA 98387
Great income producer w/redevelopment potential on 1.95 acres in Spanaway. Property currently used for fabrication shop, contractor yard & offices w/RV parking & storage rentals. Increase income by leasing space occupied by owner. Secure electronic gate w/individual codes; covered & outside spaces, room to expand. 3 phase power; 3 bldgs: Bldg #1 approx. 240’x40’ w/160′ covered exterior bays, enclosed 55’x35’ shop, w/second enclosed 25’x35’ workshop, both w/14’ ceilings; Bldg #2 – 40’x12’ & 3 offices w/shared bathroom; Bldg #3 – 2nd portable bldg 36’x12’; also, 2 income producing 8’x40′ metal storage containers. Nice find for the savvy investor or expand & run your own business. Low overhead. Increase rents for an 8.4% supported CAP rate.
Broker: Deb Zessin (25416)
Office: Better Properties South Hill
Property Details
SOLD: $1,595,000
Address: 20710 3rd Ave E
City: Spanaway
State: WA
Zip: 98387
MLS#: : 1824171
Baths: n/a
Square Feet: n/a
Garage: n/a
Year Built: 1979
Status: Sold