Property summary
Southcenter Plaza, located at 301 Strander Blvd, Tukwila, WA 98188, offers exceptional retail and restaurant opportunities within a thriving commercial hub. This 172,968 square foot, multi-tenant property features three single-story buildings situated on a 352,400 square foot lot. Built in 1990 and renovated in 1998, the property boasts 18 suites and 785 parking spaces, ensuring ample convenience for customers and employees. The property is zoned TUC and has an APN of 2623049005. Currently, there are two available spaces ranging from 1,500 to 4,200 square feet. The property benefits from a highly visible location in the Southcenter submarket cluster, directly across from Southcenter Mall, a major regional shopping destination with strong national tenants. This prime location provides easy access to I-5 and I-405, maximizing exposure to a large consumer base. Strong co-tenants include Sola Salon Studios, Corner Bakery Café, Xfinity, Starbucks, Chase Bank, and Jersey Mike's. The area boasts robust demographics and a substantial employment base of over 141,000 employees within a 5-mile radius, including those employed at Southcenter Mall, Boeing, Seattle-Tacoma International Airport, Alaska Airlines Headquarters, and the Tukwila/Kent industrial corridor. Annual tourism further enhances the area's economic vitality, with approximately 25,000 tourists shuttled to retailers from nearby airport hotels. Property taxes are $10 per square foot. This location offers unparalleled access to the South Sound's largest shopping hub, making it an ideal investment opportunity.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Zoning & alternative use
The northern edge of the Pond District is intended to provide an area of higher-density mixed-use development over retail, restaurants and services, oriented towards the Pond and a paved waterfront esplanade
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
TUC-P · Tukwila, WAThe northern edge of the Pond District is intended to provide an area of higher-density mixed-use development over retail, restaurants and services, oriented towards the Pond and a paved waterfront esplanade
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for TUC-P in Tukwila, WA.
Registration is required before the official district profile is shown.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.