6528 Capitol Boulevard SE, Tumwater, WA 98501
Commercial Property 
Built in 1992 
0.55acre lot
—— car garage 
$——/sqft 
Listed 1 month ago
Property Description
This listing courtesy of Kevin G. Verger, Kidder Mathews
Pleased to present the opportunity to acquire 7,340 SF retail building, ideally positioned for an owner-user or value-add investor. The property is currently 29% vacant, with an additional 40% occupied by BJ Paint Shop on a month to-month lease at below market rent. This provides an owner-user the opportunity to occupy up to 5,000 SF or allows a value-add investor to stabilize the property at an estimated cap rate above 8%. Current ownership has invested over $75,000 in capital improvements, including a new HVAC system for Unit B, upgraded exterior lighting, fence replacement, and extensive tenant improvements to Unit D - the currently available suite.
- Listing Status:
- Active
- Listing Office:
- Kidder Mathews : 360-705-2800
- Listing Agent:
- Kevin G. Verger : 360-705-2800
- MLS ID:
- 2394542
- A/C: None
- Heating: None
- Fireplace: Fireplaces: 0
This listing courtesy of Kevin G. Verger, Kidder Mathews
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
Location
Schools Nearby
Peter G. Schmidt Elementary School
237 Dennis St SE, Tumwater, WA, 98501
Grades KG-5
0.09 miles away
Tumwater Middle School
6335 Littlerock Rd SW, Tumwater, WA, 98512
Grades 6-8
0.90 miles away
Tumwater High School
700 Israel Rd SW, Tumwater, WA, 98501
Grades 9-12
0.51 miles away
