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Property profile & analytics
OFF-MARKET
Lifestyle centers

20509 Mountain Hwy Spanaway, WA 98387

65,293 SF 3.95 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Lifestyle centers
Total area 65,293 SF
Lot 3.95 ac (172,062 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
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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