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    Nec Petrovitsky Rd & 140 Ave Cascade-Fairwood, WA 98058

    For Lease
    Contact for pricing

    High-income area retail space; 5 units available.

    Lot size:
    219,549 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 219,549 square foot community shopping center, located in Renton, Washington's affluent King County, presents a prime retail investment opportunity. Anchored by prominent national tenants such as Safeway, LA Fitness, Bartell Drugs, and Ace Hardware, this center boasts a strong existing tenant base. The property offers multiple spaces available for lease, ranging from a minimum of 440 square feet to a maximum contiguous space of 2,277 square feet. Currently, 8,083 square feet are vacant, providing immediate opportunities for expansion or new business ventures. The center's strategic location within a high-income trade area ensures a robust customer base. Further enhancing its appeal, the property includes other national tenants like Starbucks, Bank of America, and Chase Bank, creating a synergistic and attractive retail environment. Under new ownership, First Washington Realty, Inc., the center is undergoing a significant revitalization with an aggressive leasing and management program designed to maximize its potential and deliver exceptional returns. This is a rare chance to secure retail space in a thriving, well-established shopping center with a bright future.

    Property Features for 0 Nec Petrovitsky Rd & 140 Ave

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    219,549 SF

    Unit(s) available at that property

    Space
    Suite 5B
    Size
    1,408 SF
    Space
    Suite 19B
    Size
    2,051 SF
    Space
    Suite 20
    Size
    2,277 SF
    Space
    Suite 28
    Size
    440 SF
    Space
    Suite 35B
    Size
    1,907 SF

    HighLights

    • Fairwood Shopping Center is a community shopping center anchored by Safeway, LA Fitness, Bartell Drugs, and Ace Hardware.
    • Located in a high‑income Renton, WA trade area.
    • Features national tenants including Starbucks, Bank of America, and Chase Bank.
    • Under new ownership (First Washington Realty, Inc.) with an aggressive leasing and management program.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Cascade-Fairwood
    County
    King
    State
    Washington
    Longitude
    -122.1541513
    Latitude
    47.4455297

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    FAQs

    What type of property is this?
    Lifestyle center - High-income area retail space; 5 units available.
    Where is this lifestyle center located?
    The property is located at Nec Petrovitsky Rd & 140 Ave Cascade-Fairwood, WA.
    What are key features of this property?
    This property features: Fairwood Shopping Center is a community shopping center anchored by Safeway, LA Fitness, Bartell Drugs, and Ace Hardware.; Located in a high-income Renton, WA trade area.; Features national tenants including Starbucks, Bank of America, and Chase Bank.
    Request Owner's contact information
    Nec Petrovitsky Rd & 140 Ave Cascade-Fairwood, WA 98058
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    Cascade-Fairwood, WA 98058
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Nec Petrovitsky Rd & 140 Ave Cascade-Fairwood, WA 98058
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