16701 Pacific Ave S - Bar FOR SALE


Spanaway, WA 98387
$950,000 USD
253-835-4500
16701 Pacific Ave S, Spanaway, WA for Sale
$950,000 USD
Bar - FOR SALE
1/10
null | Request Cap Rate

16701 Pacific Ave S
Spanaway, WA 98387


OVERVIEW

Rare owner-operator & value-add investment opportunity to acquire both the business & real estate of a long-established neighborhood bar occupying a highly visible, signalized corner at Pacific Ave/SR-7 & 167th Street. If your vision is to own a bar, acquiring a comparable corner location and developing a new establishment from the ground up would require significant time, capital, permitting, utilities, construction, equipment, licensing & considerable uncertainty. Instead, capitalize on the existing infrastructure by breathing new life into an established business with meaningful upside through operational improvements, modernization and an enhanced food, beverage, gaming & customer experience. If your aspirations don’t involve owning a bar, the existing business provides the opportunity to operate an established income-producing use while pursuing your long-term vision for this exceptional commercial asset on one of Pierce County’s busiest & most visible commercial corridors. Whether your plan is to maximize the existing operation, reposition the business, lease it to an operator, or capitalize on the long-term value of this premier commercial corner, opportunities combining real estate, business, infrastructure & location are becoming increasingly difficult to find. While you can remodel a building & rebrand a business, you cannot recreate this location. Business & real estate to be sold together. Show by appointment only. Please do not disturb employees or patrons.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$436 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

TJs Pub

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,500 SF

ZONING

UCOR

APN/PARCEL ID

502500-1870

ASK ABOUT THIS PROPERTY

Tory MayfieldKeller Williams RealtyMore Info
253-835-4500

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Tory MayfieldKeller Williams RealtyMore Info
253-835-4500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.