3106 Sumner Tapps Hwy - Retail FOR SALE


Sumner, WA 98391
$5,600,000 USD
253-472-0404
3106 Sumner Tapps Hwy, Sumner, WA for Sale
$5,600,000 USD
Retail - FOR SALE
1/8
null | 7.6% Cap Rate

3106 Sumner Tapps Hwy
Sumner, WA 98391


HIGHLIGHTS

  • Prime Neighborhood Location: High-traffic corridor with accessibility and exposure to a growing residential area.
  • Flexible Multi-Building Layout: Suitable for retail, office, and service users.
  • Long-Term Market Strength: Residential and household income growth with strong demand and limited supply.
  • Positioned on Sumner Tapps Highway E, providing visibility and connectivity to WA-410 & SR-167.

OVERVIEW

The Forest Canyon retail property is 16,432 SF and 40% of the tenants are well under the market rents. This strong neighborhood retail property is well positioned for growth and stability with very little retail competition. Lake Tapps is a high end demographic market with incomes over $200,000 within 1 mile of the property. The tenant mix includes a mix of a sit down restaurant, dentist and service uses.

FOR SALE DETAILS

PRICE

$5,600,000 USD

PRICE/SF

$341 USD /SF

CAP RATE

7.6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Forest Canyon Park - Lake Tapps

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

6.93 AC

LAND SF

301,871 SF

ZONING

NC

APN/PARCEL ID

052008-3035

ASK ABOUT THIS PROPERTY

Josh ParnellFirst Western PropertiesMore Info
253-472-0404

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Josh ParnellFirst Western PropertiesMore Info
253-472-0404

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