20710 3rd E Ave Spanaway, WA 98387-8444
This exceptional Spanaway commercial property, listed at $1,800,000, sits on a 1.95-acre lot at 20710 3rd Avenue E. The property currently generates substantial income through its diverse uses: a fabrication shop, contractor yard, and offices, supplemented by RV parking and storage rentals. Significant income growth potential exists by leasing the owner-occupied space. Security features include a secure electronic gate with individual access codes. The property boasts ample covered and uncovered storage space, allowing for expansion. Three-phase power is available. The property comprises three buildings: Building #1 features approximately 240' x 40' of space, including 160' of covered exterior bays, a 55' x 35' enclosed shop, and a second 25' x 35' enclosed workshop, both with 14' ceilings. Building #2 offers 40' x 12' of space plus three offices sharing a bathroom. Building #3 is a 36' x 12' portable building. Two additional 8' x 40' metal storage containers generate further rental income. This property presents a rare opportunity for a savvy investor seeking immediate returns and long-term growth potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
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
MSF · Spanaway, WASpanaway. 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.