20509 Mountain Hwy Spanaway, WA 98387
Granite Ridge Shopping Center, located at 20509 Mountain Hwy E in Spanaway, WA 98387, presents a significant commercial development opportunity. This 65,293 square foot shopping center sits on a 3.95-acre lot and includes 46 parking spaces. The property is strategically positioned at the intersection of SR 7 and 204th Street E, within the southernmost retail core of Spanaway. The center boasts shadow-anchored proximity to Walmart and is home to established national tenants such as Starbucks, AT&T, Arby's, Jack in the Box, and Taco Bell, ensuring consistent customer traffic. The development comprises seven lots, with several already developed and occupied. Available lots include Lot 5 (44,651 sq ft, 1.02 acres), Lot 6 (17,752 sq ft, 0.41 acres), and Lot 7 (2,890 sq ft, 0.07 acres). These lots are available for sale or lease individually or as a whole, offering flexibility for various commercial uses. The combined acreage allows for larger-scale development. The property benefits from high traffic counts of 29,911 ADT. This prime location and existing infrastructure make Granite Ridge Shopping Center an attractive investment opportunity. Contact for details on available lots and leasing/purchase options.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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