This asset offers investors and owner/users the rare combination of immediate cash flow, flexible occupancy, and meaningful value-add potential. The property is currently 60% occupied and generates a 7.00% in-place cap rate, providing stable income from the current tenants, creating a clear path to increased income through lease-up or direct owner occupancy. Attractive In-Place Yield - Offered at a compelling 7.00% going-in cap rate, providing immediate cash flow from established tenancy. Clear Value-Add Through Lease-Up - Currently 60% occupied, offering investors a clear path to increase income and value through lease-up of the remaining office suites. Owner-User Flexibility - Ideal for an owner-occupant seeking a professional office presence while offsetting occupancy costs through rental income from existing retail tenants. Flexible Use Potential - Second-floor office layout is well-suited for professional services, medical, or administrative users. Strong Traffic Exposure - Exceptional visibility to 25,000+ average daily vehicles, supporting retail tenant performance, enhancing signage presence, and increasing long-term leasing appeal. Excellent Regional Connectivity - Located just minutes from SR 167, providing access to SR 18, I-5, and I-405, supporting tenant accessibility, employee commuting, and long-term leasing demand.
| MLS # | 2518114 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial Industrial |
| Sub-Type | Resale |
| Status | Active |
| Year | 1979 |
| Days On Site | 112 |
| Listing Provided By | Kidder Mathews | Kevin G. Verger |
| Zoning | Commercial,Office,Retail |
|---|---|
| Acreage | 0.28 |
| State | WA |
|---|---|
| County | King |
| City | Auburn |
| Zip Code | 98002 |
| Area | 310 Auburn |
| Community Name | South Auburn |
| Listing VS Median (in South Auburn) | |
Price: $1,280,000 low | high Med: $423,500 On site: 112 low | high Med: 41 | |
| State | WA |
|---|---|
| County | King |
| City | Auburn |
| Zip Code | 98002 |
| Area | 310 Auburn |
| Community Name | South Auburn |
| Listing VS Median (in South Auburn) | |
Price: $1,280,000 low | high Med: $423,500 On site: 112 low | high Med: 41 | |
![]() | $425,000904 B StreetAuburn, WA 98002 |
![]() | $475,000128 14th StreetAuburn, WA 98002 |
![]() | $423,500225 14th StreetAuburn, WA 98002 |
![]() | $490,0001010 D StreetAuburn, WA 98002 |
![]() | $450,0001000 D StreetAuburn, WA 98002 |