High-Visibility Retail Redevelopment
For Sale
Contact for pricing
5203 Capitol Boulevard South, Tumwater, WA 98501
Infill retail asset with redevelopment potential in active commercial corridor.
Property SizeContact for details
Days on Market105
Property Features for 5203 Capitol Boulevard South
General Information
Standard status
Active
Property subtype
Retail
Zoning
CBC - Capitol Boulevard Community
Net Operating Income
$605,479
Building Details
Tenancy
Multi
Listing Agency:
The Rants Group
(360) 763-4994
Listed By:
Carolyn Graden · License #WA 26216
Source:
Crexi
Added: May 14
Changed: Aug 8
Last Checked: Aug 25 at 11:19PM
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 The Rants Group
Investment Insights
Based on property information with market context.
Southgate Shopping Center offers the opportunity to acquire a high-visibility retail asset in an active commercial corridor. The property generates income from established tenants and offers near-term upside through vacancy lease-up, repositioning, and site optimization. Existing improvements are of an older vintage, creating flexibility for phased redevelopment, pad reconfiguration, or strategic modernization. National tenants include Dollar Tree, O’Reilly’s Auto, Taco Bell, and Jack-in-the-Box. The property has frontage along Capitol Boulevard and visibility from I-5, with immediate access to I-5 at the Trosper Road interchange. It is located near shopping centers that include Home Depot, Walmart, Costco, and Fred Meyer. Recent infrastructure improvements include new roundabouts enhancing access and traffic flow. The zoning is CBC (Capitol Boulevard Community), which supports a range of retail or mixed-use outcomes.
Key Highlights
- High‑visibility location with strong frontage on Capitol Boulevard and visibility from I‑5.
- Immediate access to I‑5 via the Trosper Road interchange.
- In‑place income from national tenants including Dollar Tree, O’Reilly’s Auto, Taco Bell, and Jack‑in‑the‑Box.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
759
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98501, WA
45,274
Population
19,969
Households
2.3
Avg Household Size
40
Median Age
48%
College-Educated
97%
High-School Grad
34.9 sq mi
ZIP Area
1,297
Density / Sq Mi
$95,695
Median Household Income
$55,909
Median Earnings
$1,600
Median Rent
$485,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Coinstar Kiosk - Bitcoin ATM — 705 Trosper Rd SW Safeway, Tumwater, WA 98512
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- Coinstar Kiosk | Bitcoin ATM — Kroger - Fred Meyer Inc., 555 Trosper Road SW, Tumwater, WA 98512
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Frequently Asked Questions
What type of property is this?
Shopping center - Infill retail asset with redevelopment potential in active commercial corridor.
Where is this shopping center located?
The property is located at 5203 Capitol Boulevard South Tumwater, WA.
What is the asking price?
The asking price for this property is $11,000,000.
What are key features of this property?
This property features: High‑visibility location with strong frontage on Capitol Boulevard and visibility from I‑5.; Immediate access to I‑5 via the Trosper Road interchange.; In‑place income from national tenants including Dollar Tree, O’Reilly’s Auto, Taco Bell, and Jack‑in‑the‑Box.
