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    5118 Point Fosdick Dr Gig Harbor, WA 98335

    For Lease
    $44 SF/Yr

    Prime Gig Harbor location, 3,944 sq ft available.

    Lot size:
    184,376 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional retail space, totaling 3,944 square feet, is situated within the vibrant Olympic Towne Center in Gig Harbor, Washington. Located at 5118 Point Fosdick Dr NW, 98335, this property boasts a highly desirable location within Pierce County's CBA Gig Harbor submarket. The center is anchored by major retailers including Fred Meyer, Ocean 5, Table 47, PetSmart, Hops & Drops, Wells Fargo, and Xfinity, ensuring high foot traffic and strong brand recognition. The entire Olympic Towne Center encompasses 184,376 square feet across a single building, offering a robust and established retail environment. This particular space is part of a multi-tenant building, providing opportunities for synergy and shared customer base. The property sits on a substantial 17.97-acre lot, offering ample parking and visibility from Olympic Dr NW. The available space presents a unique opportunity for businesses seeking a prominent location within a thriving commercial hub. The property is classified as both retail and commercial/office space, offering flexibility for a variety of uses. This is a rare opportunity to establish a presence in one of Gig Harbor's most sought-after retail destinations.

    Property Features for 5118 Point Fosdick Dr

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    184,376 SF
    Total Rate
    676045.33

    Unit(s) available at that property

    Space
    Inline Shop Space
    Size
    3,944 SF
    Rate per SF
    $44

    HighLights

    • 3,944 square foot retail space in Olympic Towne Center, Gig Harbor, WA.
    • Located at 5118 Point Fosdick Dr NW, Gig Harbor, WA 98335, in the Gig Harbor submarket of Pierce County.
    • Anchored by major retailers including Fred Meyer, Ocean 5, and PetSmart, ensuring high foot traffic.
    • Part of a multi‑tenant building on a 17.97‑acre lot with ample parking and visibility from Olympic Dr NW.
    • Easy access from Point Fosdick Drive (exit #10 for Olympic Dr NW) and six access points from surrounding roads.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dairy Queen Fast Food Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gig Harbor
    County
    Pierce
    State
    Washington
    Longitude
    -122.5798343
    Latitude
    47.3051811

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    FAQs

    What type of property is this?
    Retail property - Prime Gig Harbor location, 3,944 sq ft available.
    Where is this retail property located?
    The property is located at 5118 Point Fosdick Dr Gig Harbor, WA.
    What is the lease rate?
    The lease rate is $44 SF/Yr.
    What are key features of this property?
    This property features: 3,944 square foot retail space in Olympic Towne Center, Gig Harbor, WA.; Located at 5118 Point Fosdick Dr NW, Gig Harbor, WA 98335, in the Gig Harbor submarket of Pierce County.; Anchored by major retailers including Fred Meyer, Ocean 5, and PetSmart, ensuring high foot traffic.
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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
    5118 Point Fosdick Dr Gig Harbor, WA 98335
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