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    16009 60Th St Sumner, WA 98390

    Sponsored
    For Sale
    $2,000,000

    High-yield, multi-tenant retail investment. Excellent location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fully leased, multi-tenant retail complex located at 16009 60th St E, Sumner, WA 98390. The property, situated on a nearly one-acre lot (41,982 sq ft), comprises three buildings totaling 7,660 net rentable square feet. Built in 1960, the complex currently houses four tenants under a triple net (NNN) lease structure, offering a strong 7.80% capitalization rate. The asking price is $2,000,000. The property's prime location at the intersection of 60th St E and 160th Avenue E in Sumner, WA, provides excellent visibility and accessibility. The buildings are complemented by additional structures including a greenhouse and a gazebo/potting shed. The Neighborhood Commercial zoning allows for diverse potential uses, presenting significant upside for future income generation. This is an ideal investment for those seeking a stable, high-return property with potential for future growth in a desirable location. The property's four units are currently occupied by restaurant tenants.

    Property Features for 16009 60Th St

    General Information

    Property type
    Restaurants

    Building Details

    Year Built
    1960
    Buildings
    3
    Units
    4
    Property Profile Location Intelligence

    Current Use by Public Records

    The Windmill Bistro Restaurant Tea Madame Tea Store Maybell Beauty Health And Beauty Shop Mrs. Kristin Higgins Massage Therapist New Appearances Salon ... Hair Salon

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sumner
    County
    Pierce
    State
    Washington
    Longitude
    -122.21620144233
    Latitude
    47.203202325641

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    FAQs

    What type of property is this?
    Restaurant - High-yield, multi-tenant retail investment. Excellent location.
    Where is this restaurant located?
    The property is located at 16009 60Th St Sumner, WA.
    What is the asking price?
    The asking price for this property is $2,000,000.
    Request Owner's contact information
    16009 60Th St Sumner, WA 98390
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    Sumner, WA 98390
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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
    16009 60Th St Sumner, WA 98390
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