21505 Renton-Maple Vly Rd Maple Valley, WA 98038
- Retail properties
- 8,320 SF
- 1.26 lot acres
Current Use by Public Records
- Retail properties
Property Details for 21505 Renton-Maple Vly Rd
- Lot size
- 1.26 lot acres
- Property size
- 8,320 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a 8,320 square foot multi-tenant retail, office, and industrial storefront building situated in Maple Valley, Washington. Located at 21505 Renton-Maple Vly Rd, 98038, this property boasts a prime location on State Route 169 (SE Renton Maple Valley Road) and Highway 18, ensuring high visibility and traffic. The building sits on a 1.26-acre lot providing ample parking for tenants and customers. Currently housing four tenants, the property offers a strong 5.59% cap rate and presents an immediate income stream. With a total of five units, there is up to 2,400 square feet of space available for lease, providing an owner-user opportunity or further investment potential. The building features three roll-up doors, ideal for industrial or retail uses. Renovations were completed in phases, with work done in 1971 and 1990. The property is zoned NB and offers a total net rentable area of 8,320 square feet. The asking price for this well-maintained and strategically located property is $2,400,000. This is a rare opportunity to acquire a profitable multi-tenant property in a high-growth area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Maple Valley
- County
- King
- State
- Washington
- Longitude
- -122.039
- Latitude
- 47.4091
