301 Strander Blvd, Tukwila, WA 98188-2971
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.
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-P · 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.