Multi-Tenant Strip
New
For Sale
$3,500,000
16901 - 16813 Southcenter Pkwy, Tukwila, WA 98188
Multi-tenant retail improvements are offered through a leasehold interest supported by two ground leases.
Property Size52,139 SF
Price / SF$67.13
Days on Market3
Property Features for 16901 - 16813 Southcenter Pkwy
General Information
Standard status
Active
Size
52,139 SF
Property subtype
Retail - Strip
Building Details
Building Size
52,139 SF
Units
10
Tenancy
Multi
Listing Agency:
NAI Puget Sound Properties
(425) 586-5608
Listed By:
Kyle Sterling · License #126435
Source:
Commercialcafe
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 16 at 3:51AM
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 NAI Puget Sound Properties
Investment Insights
Based on property information with market context.
The property comprises a 52,139 SF multi-tenant retail center with improvements held through a leasehold interest. The center is divided across two parcels, each subject to a separate ground lease, with 19 and 17 years of remaining term, respectively. At the end of each ground lease, ownership of the related improvements reverts to the landowner.
Located at 16901 - 16813 Southcenter Pkwy in Tukwila, Washington, the center is directly adjacent to Westfield Southcenter Mall. The surrounding Southcenter area includes national and regional retailers, hotels, and employment centers, placing the property within an established retail and commercial setting.
Located at 16901 - 16813 Southcenter Pkwy in Tukwila, Washington, the center is directly adjacent to Westfield Southcenter Mall. The surrounding Southcenter area includes national and regional retailers, hotels, and employment centers, placing the property within an established retail and commercial setting.
Key Highlights
- 52,139 SF multi‑tenant retail center
- Leasehold interest includes improvements across two parcels
- Two ground leases with 19 and 17 years of term remaining
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,380
Businesses Nearby
Explore this area
Business Placement
Demographics for 98188, WA
27,851
Population
12,025
Households
2.3
Avg Household Size
37
Median Age
26%
College-Educated
88%
High-School Grad
8.1 sq mi
ZIP Area
3,438
Density / Sq Mi
$76,559
Median Household Income
$45,245
Median Earnings
$1,641
Median Rent
$452,900
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Multi-tenant retail improvements are offered through a leasehold interest supported by two ground leases.
Where is this strip mall located?
The property is located at 16901 - 16813 Southcenter Pkwy Tukwila, WA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 52,139 SF multi‑tenant retail center; Leasehold interest includes improvements across two parcels; Two ground leases with 19 and 17 years of term remaining
