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Seven-Lot Commercial Land
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20509 Mountain Hwy E, Spanaway, WA 98387

Seven lots may be acquired separately or together, creating options for individual commercial sites or larger uses.

Property SizeContact for details
Days on Market143

Property Features for 20509 Mountain Hwy E

General Information

Standard status Active
Property subtype Retail, Multifamily, Land
Listing Agency: Colliers - Los Angeles - Orange County, California
Listed By: Ryan Marn · License #WA 26378
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 29 at 7:19PM

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 Colliers - Los Angeles - Orange County, California

Investment Insights

Based on property information with market context.

This commercial land offering comprises 3.95 acres divided among seven lots. The parcels may be acquired individually or as a combined holding, allowing the site to accommodate separate commercial projects or a larger development concept. Two conceptual development renderings are available.

The property is located at the intersection of SR 7 and 204th Street E in Spanaway’s southern retail area, with an address on Mountain Hwy E. Walmart serves as a shadow anchor, while the retail corridor includes established national operators such as Starbucks, AT&T, Arby’s, Jack in the Box, and Taco Bell. Lots along SR 7 have already been developed, placing the remaining land within an active commercial setting.

Key Highlights

  • 3.95 acres divided among seven lots
  • Lots available individually or as a combined holding
  • Located at the intersection of SR 7 and 204th Street E

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Restaurant Dental Office Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

216
Businesses Nearby
195k
Monthly Visits Nearby

Foot Traffic Nearby

Superstores 50% Dining 43% Electronics 4% Shops & Services 3%
Walmart Superstores
96,939 visits/mo 0.2 miles
McDonald's Dining
30,859 visits/mo 0.1 miles
Panda Express Dining
13,465 visits/mo 0.0 miles
Arby's Dining
12,817 visits/mo 0.1 miles
Starbucks Dining
10,592 visits/mo 0.1 miles

Demographics for 98387, WA

51,630
Population
17,151
Households
3
Avg Household Size
35
Median Age
17%
College-Educated
91%
High-School Grad
26.6 sq mi
ZIP Area
1,941
Density / Sq Mi
$101,141
Median Household Income
$54,167
Median Earnings
$1,837
Median Rent
$424,100
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
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Frequently Asked Questions

What type of property is this?
Commercial land - Seven lots may be acquired separately or together, creating options for individual commercial sites or larger uses.
Where is this commercial land located?
The property is located at 20509 Mountain Hwy E Spanaway, WA.
What are key features of this property?
This property features: 3.95 acres divided among seven lots; Lots available individually or as a combined holding; Located at the intersection of SR 7 and 204th Street E
(253) 471-5508 Call to check price and availability
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