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Property profile & analytics
OFF-MARKET
Drive through restaurants

5118 Pt Fosdick Dr Gig Harbor, WA 98335-1717

3,004 SF Built 1986
Entity Owned 11-yr Hold Absentee Owner Free & Clear
Property ID
US90-1816891
Property summary
AI-generated overview

This exceptional retail space, totaling 3,944 square feet, is situated within the vibrant Olympic Towne Center in Gig Harbor, Washington. Located at 5118 Point Fosdick Dr NW, 98335, this property boasts a highly desirable location within Pierce County's CBA Gig Harbor submarket. The center is anchored by major retailers including Fred Meyer, Ocean 5, Table 47, PetSmart, Hops & Drops, Wells Fargo, and Xfinity, ensuring high foot traffic and strong brand recognition. The entire Olympic Towne Center encompasses 184,376 square feet across a single building, offering a robust and established retail environment. This particular space is part of a multi-tenant building, providing opportunities for synergy and shared customer base. The property sits on a substantial 17.97-acre lot, offering ample parking and visibility from Olympic Dr NW. The available space presents a unique opportunity for businesses seeking a prominent location within a thriving commercial hub. The property is classified as both retail and commercial/office space, offering flexibility for a variety of uses. This is a rare opportunity to establish a presence in one of Gig Harbor's most sought-after retail destinations.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1986
Construction WOOD FRAME
Total area 3,004 SF
APN 221173801
UPID US90-1816891
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dairy Queen Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Olympic Towne Center LLC · 11 yrs held
Olympic Towne Center LLC
since 2014
5 recorded transactions
2014
Price N/A
2014
Price N/A
2013
Price N/A
2012
Price N/A
2009
$800,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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