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Property profile & analytics
OFF-MARKET
Neighborhood centers

4949 Borgen Blvd Gig Harbor, WA 98332

48,000 SF
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a 48,000 square foot retail center strategically located at 4949 Borgen Boulevard in Gig Harbor, Washington, 98332. The property, known as Gig Harbor North, is a thriving multi-tenant strip center with a mix of retail and apartment uses. Currently, there is 4,179 square feet of vacant retail space available, presenting a unique chance for expansion or new tenancy. Situated in the heart of Gig Harbor, this center benefits from a robust and growing residential population. The area boasts over 730 new single-family homes, 172 new apartment homes, and 321 units within the Herons Key Retirement Community, ensuring a consistent flow of potential customers. This significant residential development directly contributes to the high foot traffic and strong consumer base surrounding Gig Harbor North. The property's prime location within Pierce County offers excellent visibility and accessibility, making it an ideal location for a variety of retail businesses. The existing tenant mix provides a diverse and complementary environment, further enhancing the overall appeal and potential for success. This is a rare opportunity to acquire a well-established retail center in a rapidly expanding market. Don't miss out on this chance to capitalize on the significant growth and potential of Gig Harbor.

Property profile
Verified
Property type Neighborhood centers
Total area 48,000 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Papa Murphy's | Take 'N' Bake Pizza Restaurant
  • HomeStreet Bank Bank Loan Service
  • Mia Lash & Brow Hair Salon Nail Salon
  • Harbor Nails & Spa Nail Salon
  • The Barber's Room Barber Shop
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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