20710 3rd E Ave Spanaway, WA 98387-8444
- Warehouses
- 7,680 SF
- 1.95 lot acres
Current Use by Public Records
- Warehouses
Property Details for 20710 3rd E Ave
- Year built
- 1979
- Construction
- STEEL FRAME
- Lot size
- 1.95 lot acres
- Property size
- 7,680 SF
- Zone code
- MSF
- Property type
- Warehouses
- APN
- 318044089
- APU
- 318044089
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,650,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,620,000
- 6.5%
- $1,660,000
- 7%
- $1,640,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,700,000
- Geo Method
- $1,370,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,260,000
- Retail
- $1,640,000
- Mixed-Use
- $1,325,000
- Hospitality
- $1,410,000
- Educational
- $1,510,000
- Residential Income
- $1,360,000
- Energy
- $1,565,000
- Income-Based Land
- $1,335,000
- Food Service
- $1,630,000
Location Insight
- Map
- Local Demand
- City
- Spanaway
- County
- Pierce
- State
- Washington
- Longitude
- -122.429
- Latitude
- 47.0686
- CBSA code
- 42660
- CBSA name
- SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
