20710 3rd E AvenueSpanaway, WA98387

Great income producer w/redevelopment potential on 1.95 acres in Spanaway. Property currently used for fabrication shop, contractor yard & offices w/RV parking & storage rentals. Increase income by leasing space occupied by owner. Secure electronic gate w/individual codes; covered & outside spaces, room to expand. 3 phase power; 3 bldgs: Bldg #1 approx. 240’x40’ w/160' covered exterior bays, enclosed 55’x35’ shop, w/second enclosed 25'x35’ workshop, both w/14’ ceilings; Bldg #2 - 40’x12’ & 3 offices w/shared bathroom; Bldg #3 - 2nd portable bldg 36’x12’; also, 2 income producing 8'x40' metal storage containers. Nice find for the savvy investor or expand & run your own business. Low overhead. Increase rents for an 8.4% supported CAP rate.

{{ compliance-logo }}Listing is provided courtesy of NWMLS

Financial Data