4949 Borgen Blvd Gig Harbor, WA 98332
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.
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Papa Murphy's | Take 'N' Bake Pizza Restaurant
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HomeStreet Bank Bank Loan Service
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Mia Lash & Brow Hair Salon Nail Salon
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Harbor Nails & Spa Nail Salon
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The Barber's Room Barber Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.