16705 Southcenter Pkwy, Tukwila, WA 98188
- Retail space
- 23,422 SF
- 0.84 lot acres
Current Use by Public Records
- Retail space
Property Details for 16705 Southcenter Pkwy
- Year built
- 1978
- Construction
- WOOD
- Lot size
- 0.84 lot acres
- Zone code
- TUC-CC
- Property type
- Retail space
- APN
- 537920-0310
- APU
- 5379200310
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 18, 2019 | — | Retail Center LLC | — | Deed · related | $3.1M · Credit Union Svcs Group LLC |
| Jan 17, 2019 | $4,050,000 | Retail Center LLC | Imot LLC | Warranty Deed | $3M · Credit Union Svcs Group LLC |
| Jan 30, 2015 | $4,000,000 | Imot LLC | Skarbo Holdings LLC | Trustees Deed | $2M · Bank Of America |
| Dec 28, 2004 | — | Skarbo Holdings LLC | Skarbo Peter R Trust | Quit Claim Deed · related | — |
| Feb 11, 2004 | $1,290,500 | Kenneth L Maynard | Skarbo,tr | Quit Claim Deed · related | — |
| Aug 3, 2001 | — | Skarbo Trust | Skarbo,peter R | Quit Claim Deed · related | — |
| — | — | Imot LLC | — | Deed Of Trust · related | $2M · Bank Of America |
| — | — | Retail Center LLC | — | Loan Modification · related | $3.1M · Credit Union Svcs Group LLC |
Description
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.
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Location Insight
- Map
- Local Demand
- City
- Tukwila
- County
- King
- State
- Washington
- Longitude
- -122.263
- Latitude
- 47.4532
- CBSA code
- 42660
- CBSA name
- SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
