16705 Southcenter Pkwy Tukwila, WA 98188-3308
This exceptional freestanding retail property, located at 16705 Southcenter Pkwy in Tukwila, WA, presents a unique investment opportunity. Boasting 23,422 square feet on a 36,480 square foot lot, this three-story building, constructed in 1978 and renovated in 2010, offers unparalleled visibility and accessibility with over 28,000 vehicles passing daily. The property features a striking central atrium and mezzanine, abundant natural light, and an elevator servicing all three floors, including a private penthouse lock-down for enhanced security. The ground floor encompasses 9,676 square feet of street-level retail space, complemented by 10,070 square feet of showroom/office space on the upper floors. Logistics are streamlined with a complete receiving and loading area featuring two large dock-high doors and a designated loading zone. Further enhancing the property's appeal is a separate two-car residential garage and a rare 3-bedroom, 2-bathroom penthouse rooftop, ideal for owner occupancy, corporate events, or as a conference center. The property is currently 100% occupied under an Absolute NNN lease expiring March 31, 2025, with a remaining lease term of approximately 0.4 years. Ample parking is provided with 39 spaces. The asking price is $6,490,000, and the property is zoned TUC-CC. This is a truly exceptional opportunity to acquire a prime retail asset in a high-traffic location with significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
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
TUC-CC · Tukwila, WATukwila. Always verify with local authorities before improvements.
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.