Retail and Office Shopping
For Sale
Contact for pricing
Pending
27111 - 27116 168th Ave SE, Covington, WA 98042
Nearly fully leased complex includes three retail buildings plus an adjacent office building anchored by City Hall.
Property SizeContact for details
Days on Market122
Property Features for 27111 - 27116 168th Ave SE
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
First Western Properties, Inc. Tacoma
(253) 447-2282
Listed By:
Justin Holmes · License #WA
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Aug 8 at 4:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of First Western Properties, Inc. Tacoma
Investment Insights
Based on property information with market context.
Covington Place is a mixed-use shopping center and office complex comprising three separate retail buildings totaling 36,529 SF and an adjacent 30,585 SF office building that is home to Covington City Hall. The retail portion totals 36,529 SF across 11 tenants, with Petco as the largest tenant at 12,485 SF, and includes multiple other named tenants such as Starbucks, AT&T, and Indigo MultiCare. The office building is 100% leased to six companies, including the City of Covington.
The property is described as having strong accessibility and visibility to Highway 18 for tenants, customers, and employees, with convenient proximity to State Route 516. Retail and office buildings are constructed with CMU block, and the office building includes signage opportunities along with a second-story with Mount Rainier views.
The property is described as having strong accessibility and visibility to Highway 18 for tenants, customers, and employees, with convenient proximity to State Route 516. Retail and office buildings are constructed with CMU block, and the office building includes signage opportunities along with a second-story with Mount Rainier views.
Key Highlights
- Nearly 100% leased Covington Place complex with 36,529 SF retail across three buildings plus an adjacent 30,585 SF office building
- Retail on 4.8 acres with 11 tenants; largest tenant is Petco at 12,485 SF
- Retail tenant mix includes long‑standing tenants and named brands such as Starbucks, AT&T, and Indigo MultiCare
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
834
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98042, WA
49,031
Population
17,365
Households
2.8
Avg Household Size
39
Median Age
34%
College-Educated
93%
High-School Grad
27.8 sq mi
ZIP Area
1,764
Density / Sq Mi
$125,554
Median Household Income
$59,882
Median Earnings
$2,121
Median Rent
$613,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Nearly fully leased complex includes three retail buildings plus an adjacent office building anchored by City Hall.
Where is this shopping center located?
The property is located at 27111 - 27116 168th Ave SE Covington, WA.
What are key features of this property?
This property features: Nearly 100% leased Covington Place complex with 36,529 SF retail across three buildings plus an adjacent 30,585 SF office building; Retail on 4.8 acres with 11 tenants; largest tenant is Petco at 12,485 SF; Retail tenant mix includes long‑standing tenants and named brands such as Starbucks, AT&T, and Indigo MultiCare
