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23765-23831 SE 264Th St Maple Valley, WA 98038

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For Sale
$3,760,000

Prime location auto shop with corporate lease and renewal.

Lot size:
1.75 Acres

Property Features for 23765-23831 SE 264Th St

General Information

Lot size
1.75 Acres

Source: NAI Puget Sound Properties Agent Kyle Sterling

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Maple Valley Auto Shop Investment

This property features a corporate lease with Puget Collision (Fix Auto) and a brand new 10-year lease renewal. Situated in a prime location in the “Four Corners” area of Maple Valley, the property is surrounded by national grocers and retail developments. The subject property is the only body shop in Maple Valley. The lease rate of approximately $14 per square foot is significantly under market. The property consists of two parcels totaling 1.75 acres, with 13,824 square feet of buildings. The current cap rate is 5.50%. The property is located at 23765-23831 SE 264th St, Maple Valley, WA.
Location Intelligence

Current Use by Public Records

Auto shops

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Fix Auto, Jiffy Lube, Valvoline Express Care, Elephant Car Wash, Les Schwab Tire Center

Location Insight

  • Map
  • Local Demand
City
Maple Valley
County
King
State
Washington
Longitude
-122.023378
Latitude
47.3643855

FAQs

What type of property is this?
Auto shop - Prime location auto shop with corporate lease and renewal.
Where is this auto shop located?
The property is located at 23765-23831 SE 264Th St Maple Valley, WA.
What is the asking price?
The asking price for this property is $3,760,000.
What are key features of this property?
This property features: - Brand new 10-year lease renewal with Puget Collision (Fix Auto); - Prime location in high-traffic "Four Corners" area of Maple Valley; - Significantly under market lease rate of ~$14/sf
More about this property
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